Rate Thresholds Configuration (Rates setting)
Note: Any changes you make only apply to new appointments and agreements, going forward; current booked appointments and open agreements are not affected.
If your location uses 24-Hour Rate Codes with hourly, daily, weekly, and monthly rates for loaner or rental agreements, define thresholds ("bumps") for those rates, so they can be calculated correctly based on the actual length of an agreement.
In other words, define the number of hours at which an agreement becomes eligible for a daily rate (e.g., 24 hours, the default), as well as the number of days at which an agreement becomes eligible for a weekly rate (e.g., 7 days, the default), and a monthly rate (e.g., 30 days, the default).
Note: Because weekly and monthly rates can only be set up for Rate Codes with a Billing Type of 24-Hour, these thresholds only apply to 24-Hour rates, not Calendar rates. Refer to the Billing Type glossary definition to understand the difference.
- If the Hours Until Daily Rate value is 24, then the Hourly rate will apply on an agreement until the length of the agreement reaches 24 hours. So, if an agreement is only 4 hours long, the Hourly rate will be used. If the agreement is 2 days long (48 hours), the Daily rate will be used.
- If the Days Until Weekly Rate value is 5, then the Weekly rate will apply on an agreement that is opened for 5, 6, and 7 days. On the 8th day, rates are applied for 1 week and 1 day.
- If the Days Until Monthly Rate value is 28, then the Monthly rate will apply on an agreement that is opened for 28 days. On the 29th day, rates are applied for 1 month and 1 day.
See "Rates, Charges, Fees & Taxes Setup" for more information about setting up rates.
© 2025 TSD Rental, LLC