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Payment Plans

There are three payment plan options in relation to the ‘fixed’ cost of the InterAcct software and the first year’s annual software support.

Option 1 : Payment in full for the software & support on the day of installation.

Option 2 : Monthly Payment Plan – the total of software & support, divided by ten, becomes the monthly payment for eleven monthly payments.

Option 3 : Rent to Own – 3% of the total of software & support per month, plus an initial deposit of 20%. The ongoing rental includes subsequent year’s annual support. There is the option to purchase and get a 50% refund of the rentals paid (up to a maximum of 36%) off the purchase price.

Worked Example

 

Number of Computer Workstations on your Network # 8 (ie. 5 – 9 range)

 

Software $

(per User)

Support p.a.

(per User)

Implementation Hours

Base InterAcct Software, per User

400

80

25 - 35

Optional Modules, per User :

   

Job Costing, Estimating, Quotations

300

60

10 - 15

Job Costing by "Phase"

200

40

5 - 8

Semi automatic Kit Estimating

200

40

5 - 8

    
    
    
    
    

Total – per User

1,100

220

45 - 66

Multiple by the Number of Users #

8

8

@ $140 per hour

Sub Total $

8,800

1,760

7,770

(Software, Support, Implementation)

18,330

  

Travel Related Costs – Sydney

(mileage, tolls, parking)

200

  

Travel Related Costs – Interstate

(airfares, taxis, motel, car hire)

   

Contingency Fund ? (10 hours)

1,400

  
    

Total Budget Estimate $

19,930

  

(prices in A$, and exclude GST)

   

Payment Options : (Software & Support = $8,800 + 1,760 = $10,560)

(a) Payment in Full on Installation Day = $10,560 + GST

(b) Monthly Payment Plan = $10,560 / 10 = 1,056.00 per month for 11 months

(c) Rent to Own = 4% of $10,560 = $422.40 month. Initial deposit 20% = $2,112

Notes :

  • The average between 46 – 66 hours of 55.5 hours was used for implementation. The range is only an indication, and not intended to be a minimum nor maximum.
  • Ten hours was used as the basis for the Contingency Fund, but this will depend on the extent of your own level of software personalisation expected.
  • The average hourly charge rate of $140 was used. Current "Advance" rates vary between $125 and $150 per hour (depending on person).

Travel related costs are for a Sydney based installation (tolls, parking, mileage). If an interstate (or intrastate), travel related costs could be $1,500 (2 trips) depending on the location.