👉 In accounting and finance, prorated is a method used to adjust payments for different periods or periods of time. It involves dividing the total amount due between two or more equal parts. The result is the payment that each party receives based on their share of the total. For example, if a company owes $10,000 and it's divided into 5 equal payments over 3 years, each would receive $2,000 per year. This method allows companies to
