Prorated Calculator

The Prorated Calculator helps users determine the prorated amount and savings by calculating the daily rate and percentage of usage based on inputted full amount, billing period, and duration between start and end dates.

Use Our Prorated Calculator

Step-by-Step Guide to Using the Prorated Calculator

The Prorated Calculator is designed to help you calculate the prorated amount of a service or subscription based on the period it’s been utilized. Follow these steps to effectively use the calculator:

Step 1: Enter the Full Amount

  • Input Field: Full Amount ($)
  • Description: Enter the total amount for the service or subscription period.
  • Requirements: This field is required. The value must be a number greater than or equal to 0.01.

Step 2: Select the Billing Period

  • Input Field: Billing Period
  • Description: Select the billing period that relates to your service. The options available are Monthly, Quarterly, or Annually.
  • Requirements: This field is required.

Step 3: Set the Start Date

  • Input Field: Start Date
  • Description: Choose the start date from which the service or subscription began.
  • Requirements: This date must be within the period from 2023-01-01 to 2024-12-31 and is required.

Step 4: Set the End Date

  • Input Field: End Date
  • Description: Choose the end date up to which the service or subscription was used.
  • Requirements: This date must also be within the period from 2023-01-01 to 2024-12-31 and is required.

Step 5: Review the Results

Once you have entered all the necessary information, the calculator will provide you with the following results:

  • Total Days in Period: This value illustrates the total number of days in the selected billing period, calculated as 30.44 for Monthly, 91.31 for Quarterly, and 365.25 for Annually.
  • Days Used: The total number of days from the Start Date to the End Date.
  • Daily Rate: This is the calculated daily rate, which is the Full Amount divided by the Total Days in Period. It’s displayed in USD.
  • Prorated Amount: This amount is the calculated charge for the days used, obtained by multiplying the Daily Rate by the Days Used. Displayed in USD.
  • Amount Saved: The difference between the Full Amount and the Prorated Amount. This shows how much was saved by using only a portion of the billing period.
  • Percentage Used: The percentage of the billing period that has been used, represented as a percentage.

By following these steps and entering the correct information, the Prorated Calculator will help you accurately determine the prorated amount for your service or subscription usage period.