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Handling various billing frequencies
Handling various billing frequencies

How to handle various billing frequencies such as quarterly, monthly, bi-monthly and semi-annually.

Rob Farmer avatar
Written by Rob Farmer
Updated over a week ago

For instance if your contract with your customer is for a 12 month subscription and you have agreed to bill them quarterly, you can instruct ProRata to create a revenue schedule for the entire 12 months rather than just 3 months.

Checking our product settings

In ProRata under Settings > Products & Services you will need to make sure each product's term matches the contract length, not the billing frequency.

Manually handling billing frequency

When importing invoices or sales receipts simply select the correct billing frequency from the dropdown. You can also manually adjust the Bookings value to represent the total contract value for that subscription. ProRata will use the Bookings amount for the revenue schedule.

Specifying billing frequency on your invoices or sales receipts

ProRata will check for the following keywords on the Description or Product/Service text:

  • Annually

  • Quarterly

  • Monthly

  • Bi-monthly

  • Semi-annually

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