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You can find this section in product configuration in Settings → Products & Services → Your Product → General Settings → Enable ProRata Billing
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Enable pro-rata billing
To enable pro-rata
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billing for particular product/service go to product configuration (
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Settings → Products &
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Services → [Your Product])
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and in the General tab click on "Enable ProRata billing"
Available Pro-rata settings
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- Prorata day
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- -
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- the day of the month you'd like to have your invoices generated on. i.e. "1" - will generate invoices for Monthly cycle every 1st day of the month.
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- Prorata month (for annual cycle)
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- the month for Annual billing cycle on which invoices should be issued. i.e. "January" - Customer invoice will be issued
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- on January, (day to be set in ProRata day)
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Setting "Disabled, try to bill for entire cycle" under this option will issue annual invoices on the month that customer purchased service
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, for example if the customer purchased Annual package on February, he/she will get next invoice exactly on February next year.
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- Charge Next Month after
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- the day in month after which customer will be charged for entire next month during purchase.
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For example if set to "15"
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and the customer purchased service on 17th of the month - he/she will be charged for remaining days in the current month + entire next month
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. To disable this feature set its value to "0"
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Examples
Example 1:
Product settings:
Prorata day: 1
Monthly price: $10
Customer purchased product on 13th of month:
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- Customer is charged only for days he/she will use the package this month
After month of usage next invoice will look like as below:
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- Customer will be charged for the entire month, full package price.
Example 2:
Product settings:
Prorata day: 1
Charge Next month: 10
Monthly price: $10
Customer purchased product on the 13th of the month:
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- Customer
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- will be charged for remaining days of the current month + entire next month
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- .