What is COR services invoice and how to pay it in Contractor of Record?

Article author
Deepthi
  • Updated

Customers receive a monthly invoice covering the subscription fee for all contractors under the Contractor of Record (COR) service. Here’s how the COR service billing works:

  1. Pricing model offered to customer is 15% of the monthly contractor payments or the minimum fee of USD $325/contractor/ month—whichever amount is higher.
  2. The minimum fee applies to all active COR contractors, even if they don’t submit an invoice during the month. As long as they have an active Contractor Services Agreement (CSA), they are billable.
  3. Customers will be charged on the 1st of the following month, in arrears.
    Example:The customer has 3 contractors who raised 6 invoices in December, and 5 were approved, totalling $6,000 before VAT.
    We billed customer $6,000 for these 5 invoices in December (please note the VAT portion is tax-deductible by Remote, so we don’t charge customer for it).

    On January 1st, we calculated the service fees for December based on the contractor invoices:
    1. Contractor A: $2,000.00 * 15% = $300 < $325 minimum = $325 bill
    2. Contractor B: $3,000.00 * 15% = $450 > $325 minimum = $450 bill
    3. Contractor C: $1,000.00 * 15% = $150 < $325 minimum = $325 bill
    Total COR service fee for December: $1,100 + (Remote)VAT.

  4. Monthly subscription fee invoices are created automatically and can be found in the Remote Invoices tab on the platform.



  5. Click on the COR service invoice to review the breakdown of charges and click Pay invoice to complete the payment using your preferred payment method.


  6. Customers have 14 days to pay the invoice to avoid restrictions on contractor’s ability to use the platform.

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