In addition to changing the price a customer is charged in monthly increments, special prorating rules also offer Future Credit and Bump Date prorating.
Future Credit
Future credit prorating applies any time-based discounts to next year's dues and charges full credit for this year's dues. For example, an organization may charge full annual dues no matter when in the year a customer joins, but give a time-based discount for new members joining after the sixth membership month.
Bump Date
Bump date prorating charges a full annual fee no matter when in the membership year a customer joins, but after a named cutoff point, advances the paid thru date to the end of the next billing term.
Future Credit and Bump Date Examples
Base |
Ammt/Add'l Unit |
Effect |
|
1.0 |
The customer is charged the full annual rate. |
|
0.5 |
The customer is charged 50% of the annual rate. |
F |
0.5 |
The customer is charged the full annual rate but will receive a 50% discount on next year's rate. |
B |
1 |
The customer is charged the full annual rate, but the paid through date will be set to the end of next year's term, not this year's term. |
B |
1.5 |
The customer is charged 1.5 times the annual rate and the paid through date will be set to the end of next year's term, not this year's term. |
Note: If you bill once a year, but want to decrease the amount charged a new customer on a quarterly basis, define a 12-month prorating rule and then use identical line entries for each month in a quarter. For example, the line entries for months 1, 2 and 3 would be identical.
10.6 Production Release. Updated 5/17/2007 10:56:55 AM
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