The Billing period adjustment option allows you to define situations in which a bill is prorated. Proration is adjusting a cost based upon an expected time period. For example, a utility defines a normal billing period as 30 days, and you have a bill for 60 days. All applicable costs are prorated using the following formula:

Cost*(Billing Days/Average billing period days)

Cost*(60/30) = Cost*2

  1. In the Rate Wizard - Feature Selection page, select the Billing period adjustment option.

  1. In the Rate Wizard - Billing Adjustments page, specify the appropriate prorating conditions.