To define future credit prorate pricing
The following example shows a normal prorating setup in which the reduction in the rate is postponed until the second term. If a customer joins during months 4-6, the customer will be billed the full amount the first year and 75% the second year.
- From Billing, select Set up module > Products to open the Set up products window.
- Click Prorate Rules to open the Prorating window.
- Click New.
- In the Type field, enter 12 as the number of months in the billing period.
- In the Description field, enter New Customers as the description.
- Enter a multiplier of 1.0 for months 1-3 in the Amt/Add'l Unit field.
- Enter F in the Base Amount field and a multiplier of .75 for months 4-6 in the Amt/Add'l Unit field.
- Enter F in the Base Amount field and a multiplier of .50 for months 7-9 in the Amt/Add'l Unit field.
- Enter F in the Base Amount field and a multiplier of .25 in the Amt/Add'l Unit field for months 10-12.
- Click Save.