Advanced Finance: Creating a Recurring Product and Pro Rating the First Month

Below are the correct steps to create a recurring product and prorate the first month in New Finance.

Note: New Finance is a set of advanced financial modules in the Freedom software that are optional to some sites.  

1. Add your billing item to the ledger card by selecting the + Billing Item button
2. Save billing items as a draft or pro forma as the full billing item price
   1. At this point, the billing item is created but does not have a recurring schedule yet
3. Check billing item
4. Select Action > Recur
5. Enter schedule description
6. Select "Prorate" in the "How would you like to handle the selected billing item" field 
7. Enter the pro-rated amount
8. Continue
9. Enter recurring schedule information (start date will be the first date the item is automatically billed via the recurring order)
10. Continue
11. Enter payment information and complete set up 
12. Once these steps are completed, you will have a billing item created and pro-rated, as well as a recurring billing item for future payments