Prorating is allocating or assigning an amount to an activity or product that is proportional to some base (determined by a formula or procedure). Prorating is only applied to organizations that bill on an annual or fixed-term basis, as opposed to an anniversary or rotating term basis.
Note: The number of months used by the prorate rule for an individual is Thru date – Join date. Prorate only applies if the join date is populated prior to running the billing. See Begin Date for an annual billing cycle.
The three options available to define prorating rules include the following:
10.5 Production Release. Updated 5/17/2007 10:56:54 AM
Copyright © by Advanced Solutions International, Inc.
All rights reserved.