Question

What Is Proration Of Invoice Lines?

Answer 1

Pro rata is a Latin phrase meaning ‘in proportion’. Today, the term is used to denote money or other value-based benefits paid in proportion to services rendered, based on factors like time.

Answer 2

Recurring billing happens when a merchant automatically charges a customer for goods or services on a prearranged schedule. Recurring billing requires the merchant to get the customer's information and permission.