Hello there,
We are one umbrella but have 2 sister companies. Company A is using monday.com extensively but now Company B would like to start using monday.com. Is there a way to setup Company B so that they pay for their share of using monday.com so that costs are kept separate?
At present, our billing system only allows for subscriptions to be paid via one payment method.
This would mean you could only link one credit card to the account, and the full subscription amount would be taken from this card.
Unfortunately our billing processor does not allow for partial payments or multiple payment methods at this time.
I hope this helps! Remember to mark as solved if this answers your question.
Certainly! If your two sister companies, Company A and Company B, both wish to use monday.com while keeping their costs separate, there are a few strategies you can employ. One option is to create entirely separate monday.com accounts for each company. This approach ensures that each company has its own billing and subscription management, keeping financials completely distinct. Alternatively, you can create separate workspaces within a single monday.com account. While the platform primarily bills at the account level, you can manually track usage and allocate costs internally based on metrics like the number of users or the level of activity in each workspace. This method requires setting up detailed reporting and tracking within monday.com to accurately assess and distribute costs. Another approach is to establish a cost allocation agreement between Company A and Company B, determining a fair method for sharing expenses based on usage data. For enhanced accuracy and efficiency, you could use an internal billing system, ranging from simple spreadsheets to sophisticated invoicing software that integrates with monday.com. If you require specific features or custom billing solutions, contacting monday.com support may provide additional tools or options. By meticulously tracking usage and setting up either separate accounts or workspaces, you can ensure that each company is responsible for its share of the costs, maintaining transparency and financial clarity.