Clubtreasurer Updates (2025)

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 UPDATE 

02-JAN-2025: MEMBERSHIP PRO-RATA UPDATES

Annual Billing - Prorate 1st Period (Monthly Basis):  We've added a new annual prorate option which is based on whole remaining months in the current membership year. If this option is applied to a membership assignment the system will calculate a prorate fee based on whole remaining months until the end of your current membership year.

This method assumes that memberships are always billed from 1st day of the month they start in; effectively spliting your membership year into 12 equal parts making this simpler to estimate membership fees.  (Note if the Start-Date is entered as 28th or later, the calculation bills from the following month).

Example:
- Assignment Start Date = 15th July 2025
- Membership Year-End = 31st December 2025
- Annual Fee = £100

=> 1st Year Prorate Fee = £100 x 6/12 months = £50  

Annual Billing - Prorate 1st Period (Daily Basis): This is the existing Annual Prorate option which has been renamed to reflect that this is based on days remaining in membership year. The calculation now also respects leap years.

Example:
- Assignment Start Date = 22th September 2024
- Membership Year-End = 31st December 2024
- Annual Fee = £90

=> 1st Year Prorate Fee = £90 x 101/366* days = £24.84 (*2024 was a leap year)

Monthly Billing - Prorate 1st Period:  Calculation now uses actual days in month, instead of standard 30 day calendar. 

Example:

- Assignment Start Date = 18th February 2024

- Monthly Fee = £40

 

=> 1st Month Prorate Fee = £40 x 14/29* days = £14.90 (*2024 was a leap year)