This “Fixed Billing Day of Month” feature at the plan level in Core gives admins control over setting their plans to bill on the same day and allowing the first bill to prorate and set following bill dates.
Key Features
Sets a Consistent Billing Day: All recurring invoices for the plan are aligned to a chosen day of the month (e.g., the 1st, 15th, or 28th).
Prorates the First Invoice Automatically: If a member joins on a date that doesn’t match the billing day, their first bill is automatically prorated to cover the partial period until the fixed billing day.
Simplified Accounting: Admins can streamline bookkeeping by ensuring all members on a plan are billed on the same day each month.
Predictable Revenue: Helps businesses project income more accurately, especially when planning for expenses like payroll, rent, etc.
Improved Member Experience: Members understand clearly when to expect charges, which can reduce confusion and billing disputes.
Example Scenario
A plan is set to bill on the 1st of each month
A new member signs up on April 9
Their first invoice would be prorated from April 9 to April 30.
Their next invoice would be on May 1, and every 1st of the month thereafter.
Need More Help?
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