Prorating Products

You can prorate products when selling them via plans and contracts to charge customers for their usage of the product on their first billing cycle rather than the full price.

For example, a customer starts a contract on the 15th but is billed on the 1st of every month. The contract is prorated to charge them from the 15th to 1st of the following month, instead of the first month in full.

If you add a parking spot product worth $100 to their contract without proration enabled for the product, the customer will be charged $100, even if they only use that parking spot for two weeks instead of the whole month.

With product proration enabled for that product, they'll be charged half of the product price since they're only using that product from the 15th until the end of the month.

You can prorate a product whenever it is sold through a plan or contract by default or prorate it only when necessary via plan, contract or proposal settings.

Prorate Products by Default

You can prorate any of your products by default. If a product is included in any plan as a component, contract as a product invoiced alongside the contract.

1. Log in to dashboard.nexudus.com if you aren't already.

2. Click Inventory > Product.

3. Click on the relevant product.

4. Enable the Always adjust the price of this product if invoiced alongside a prorated contract toggle.

5. Click the Save Changes button.

Repeat the process for every other product that you want to prorate when included in plans, contracts, or proposals.

Now that you've prorated your products, you can include them in plans, contracts, and proposals. The product will always be prorated if you add it to a plan or contract that's also prorated. After the customer's first prorated billing cycle, the product is charged its full price every following billing cycle or until the contract is canceled.

Prorate Products as a one-off

You can also choose to prorate products only when needed within any prorated contract. This is an option if you only want to prorate products only in specific instances rather than by default.

1. Log in to dashboard.nexudus.com if you aren't already.

2. Click Finance > Contracts.

3. Click on the relevant contract.

4. Click on the **Products tab.

5. Click on the product that should be prorated.

6. Enable the Always adjust the price of this product if invoiced alongside a prorated contract toggle.

7. Click the Save Changes button.

Repeat the process for every other product that you want to prorate in the contracts, plans, or proposals.