Monthly and yearly memberships

Hi there! I’m using Paid Memberships Pro with a ‘Plus’ license. I want to give users the option of either paying monthly (say $10 per month) or yearly (say $100 per year). Is it simply a case of creating two different membership levels – e.g. Monthly Member and Yearly Member? Seems to work fine but I can’t find any info. covering this so not sure what’s considered as best practice.

Thanks in advance!

George