Payment Frequencies

Billing Frequency
The billing schedule allows you to set the specific frequency a Stream will charge your customers. This optional feature can be found when creating a Payment Stream under "Frequency" and offers the following billing schedules:
  • Daily
  • Weekly
  • Twice per Month (bi-weekly)
  • Monthly
  • Quarterly
  • Yearly

​How to Process Payments at the End of the Month
In order to allow Rerun to process your payment streams at the end of the month, you need to set the billing date to the 31st. Even if the current month has 28 days, or 30 days, Rerun will know to process the payment on the last day of the month.

Prorating a Payment
You can set up  prorating while configuring a Payment Stream. To do so:
  • Set the Frequency as Monthly
  • Set the Billing Schedule to a date of the month (something other than Optional)
  • Check the "Auto Prorate First Payment" check box.

Rerun will then calculate the amount of the prorated payment based on the date of the month and your billing schedule. As you add customers, if you wish, you can change the billing date of the prorated payment. Normally billed the day they are added to a payment stream, you can change the date by clicking the Prorate button next to the two tax fields.
 
www.rerunapp.com