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how to do pro rata calculation in excel. The Calculations below will show UNEARNED return premium factors. Suppose a new employee works nine months.
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You can do this by overriding the pro-rata percentage to 100. Select Working Days as the Pro-Rata Method and the date that you want to start using this pro-rata method for. Allow me to explain with an example as usual supported by this downloadable Excel file.
To calculate the pro rata bonus divide the number of weeks or months actually worked by 52 or 12 respectively to find the percentage of the year worked.
Select Working Days as the Pro-Rata Method and the date that you want to start using this pro-rata method for. You can do this by overriding the pro-rata percentage to 100. It can refer to apportioning premiums over the life of a short-term policy or to limiting claim payouts based on what percentage of an assets value is covered by a particular policy. Allow me to explain with an example as usual supported by this downloadable Excel file.
