How does prorated billing work?

Prorated billing is particularly beneficial for businesses that offer flexible service plans or have customers with varying usage patterns. It allows for greater flexibility and adaptability, ensuring that billing is tailored to individual needs.

Prorated billing is a financial practice that allocates charges for services based on the proportion of the billing cycle utilized by the customer. This approach differs from traditional billing methods that charge a flat fee for an entire billing cycle, regardless of the actual usage.

Additionally, prorated billing can help businesses manage their cash Flow more effectively by accurately predicting revenue streams based on actual usage rather than estimated figures.

By implementing prorated billing, customers are only required to pay for the exact duration of the service they have consumed. This ensures that billing is fair and accurate, reflecting the actual value received.

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