When Recalculate Price is set for your membership types the system will recalculate dues pricing for all upcoming renewal invoices:
- If you have changed the base price for a membership type, the recalculated price will reflect this change
- If you have changed the value in a field that is tied to Formula-based pricing, the recalculated price for the membership will reflect this change.
- If you change the value in a field that is tied to levels in your membership type, the recalculated price will reflect this change.
|IMPORTANT: Pricing will ONLY be recalculated at the beginning of a new term. If a membership term is 12 month, but the member is being billed at a monthly, quarterly, or semi-annually frequency the recalculated price will only take effect once the membership renews.
Recalclate price will immediately update pricing for new members and upon remewal for existing members. If you wish pricing to take effect for both new and existing on a specific date use the effective date pricing option. See Effective Date Pricing for more information