Prorate Types Overview

The Prorate Type (set up on the Property tab at eSite—Setup—Property—Properties) is the calculation method is used when calculating prorated amounts.

Actual Days in month

The monthly amount divided by the actual number of days in the month, and then multiplied by the number of actual days occupied.

Monthly Amount/Actual Number of Days in Month X Actual Number of Days the Unit is Occupied

Standard (HUD formula)

Select this option when you want the monthly amount divided by 30 days, and then multiplied by the number of actual days occupied.

Monthly Amount/30 Days X Actual Number of Days the Unit is Occupied.

Annualized

Select this option when you want the monthly amount multiplied by 12, divided by 365, and then multiplied by the number of actual days occupied.

Monthly Amount X 12/365 X Number of Days the Unit is Occupied

30 Day Prorate

Select this option when you want the monthly amount divided by 30 days, and then multiplied by the number of days occupied, based on 30 days.

Monthly Amount/30 Days X Number of Days the Unit is Occupied based on a 30 Day Month