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microsoft-365/commerce/billing-and-payments/understand-your-invoice.md

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If you acquire multiple new subscriptions on different days within a month (excluding additions to current subscriptions), you receive separate invoices for each.
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> ### Example using Microsoft 365 Business Premium
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> **Example using Microsoft 365 Business Premium**
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> Let's say a Microsoft 365 Business Premium subscription is purchased on **May 2, 2025**.
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> #### Monthly Billing
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> **Monthly Billing**
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> - **First invoice**: Received by **May 3, 2024**, covering **May 2-June 1, 2025**.
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> - **Recurring invoices**: Issued by the **3rd of each month**, starting **in June**, for that month's service.
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> - **Mid-term changes**: If the customer adds seats on **June 15th**, the prorated charge appears on an invoice with a different cadence around July 5th. These prorated changes don't appear on recurring charges invoices, but the recurring invoices will show the new seat total.
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> #### Annual Billing
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> **Annual Billing**
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> - **First invoice**: Received by **May 3, 2024**, covering **May 2-June 1, 2025**.
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> - **Renewal invoice**: Issued by **May 3, 2026**, for the next annual term.

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