Prorated Billing with TimelyBill
What is Proration or Prorated Billing?
Prorated Billing is a way of creating fair charges to reflect changes mid billing period. For example, if a customer joins in the last half of the billing period, a prorated billing system would only charge for the half that the customer used the service rather than the entire billing period.
How does TimelyBill use Prorated Billing?
TimelyBill’s billing and invoice generation system calculates a customer's recurring and non-recurring charges, taxes, discounts and more. If a company chooses to opt into proration, Timelybill can quickly and easily account for day-by-day payment.
Benefits of Prorated Billing with TimelyBill
- TimelyBill handles the proration for you
- Allows customers to join a subscription without hassle
- Customers are more likely to continue service if they're charged for only what they use
- Creates a stronger relationship between service and consumer
Read more about TimelyBill's billing management on our website.
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