If you'd like to bill customers on the same day of month/year/quarter - Pro-rata billing is for you.
Charge a prorata'd amount at the initial time of order.
How to enable pro-rata in product
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Go to product configuration (Settings->Products & Services->[Your Product]). In general tab click on "Enable ProRata billing"
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Available Pro-rata settings
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"Prorata day" - setup day of month you'd like to have your invoices generated on. i i.e. "1" - will generate invoices for Monthly cycle every 1st day of month
"Prorata month (for annual cycle)" - setup month for Annual billing cycle on which invoices should be issued. i i.e. "January" - Customer invoice will be issued On January, (day to be set in ProRata day)
Setting "Disabled, try to bill for entire cycle" under this option will issue annual invoices on month that customer purchased service.
i.e. If customer purchased Annual package on February, he will get next invoice exactly on February next year.
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- Customer will be charged for entire month, full package price
Example 2:
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Product settings:
Prorata day: 1
Charge Next month: 10
Monthly price: $10
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