We provide a subscription based service for a few hundred customers. Each subscription has a term of one year, at a cost of about $2000 per year.
Each customer pays $500 of this up front, and then the remainder ($1500) is paid either monthly(the most common scenario), bimonthly, quarterly, or biannually. These numbers may vary by customer.
We are seeking a solution that let's us enter the subscription rate and down payment for each customer initially, and then calculates the remaining monthly payments automatically. So for example if we entered a subscription rate of $2000 and a down payment of $500, then the software would automatically create monthly invoices of $1500/12=$125 for the remaining $1500.
If possible we would also like the software to notify us when the subscription is in the last month and up for renewal.
Can anyone recommend a Quickbooks solution for our scenario?