Pro-rata payments on your membership plans

Many clubs have set collection date(s) for their payments such as the 1st of the month. But what should you do if a member joins mid month? 

Coacha's pro-rata subscriptions feature provides the answer. Simply tick one box and Coacha's intelligent automation will do the rest! 

Enabling pro-rata for subscriptions. 

You can enable pro-rata for subscriptions on existing or new plans. This option will be presented to you for all recurring subscription plans with a set payment date or day, regardless if they are weekly, monthly, yearly or even termly plans. 

Note: If you select for a subscription to start from the plan sign up date, pro-rata is not required so the option is greyed out.

Simply tick the following option and pro-rata calculations will be applied to your payment plan when someone signs up before the payment date. Coacha will even work out the time it takes to set the plan up and take this into account!

This option is found at the bottom of the settings section when setting up a new plan, or when editing an existing plan. 

How are the pro-rata payments calculated? 

For recurring subscriptions the system will work out how many days are left in the period up to the next payment date and then calculate the percentage of the regular payment left to pay. 

For weekly payments - this will work out how many days are left to the next payment day.

For monthly payments - this will work out how many days left until the next payment date.

For annual payments - this will work out how many days left until the next annual payment date

For Termly payments - this will work out how many days left in the current term period. 

What will a member see when they sign up? 

When a member joins a plan they will see that they will be charged a smaller fee for their first payment to cover the remaining period of the plan they are joining. They will also see when the plan's first full payment date is due. This is an estimated figure based on the average time it will take for plans and payment schedules to be set up. 

The only other thing to say is be sure to save your plans once you have selected this option. Coacha will do the rest! 

Thanks

Coacha team.