Billing Type (Loaner Rate Setup Rate Code, Rental Rate Setup Rate Code)

When creating a Rate Code, you must select a Billing Type for rates and any daily fees you have set up:

• 24 hour, for rates to increment on a 24-hours clock, starting from the checkout time. For these rate codes, you can set up hourly, daily, weekly, and monthly rates.
• Calendar, for rates to increment each day at midnight; in other words, customers do not have to return the vehicle until midnight of the day it is due back). For these rate codes, you can only set up daily rates.

Example: Let's say an agreement was opened at 4:00PM and the unit was returned the next morning at 10:00AM. If the Billing Type is 24-hour, the rate and daily fees will be applied for one (1) day. However, if the rate's Billing Type is Calendar, the rate and daily fees will be applied for two (2) days.