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Future Credit and Bump Date Prorating

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.

See Also

Defining Prorating Rules

Prorating window

To define special prorating

To define future credit prorate pricing

To advance the billing term with Bump Date prorating


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