Prorating Membership Fees
Prorated Fees
When a member joins part-way through the membership term rather than bill them the full subscription amount you may want to discount their fees.
As each organisation has a preferred way of calculating the discounts, MX doesn’t try to do this automatically.
Instead you will do this manually by simply over-typing the subscription amount and adjusting the subscription expiration date.
Example:
Organisation has an annual renewal date of 1st Jan and membership subscription $500. Member joins mid-year.
Set the Subscription Renewal to their Start Date.
Set Subscription Expiry to 31st December.
Set their Subscription to $500/2 = $250.
Raise their initial invoice.
After raising their first invoice, go back into the Member record and update their membership subscription fee to the full amount in preparation for the next membership invoice, next year.