Create a rate

A rate defines what an asset group costs to rent. Rates support several tiers — hourly, daily, weekly, and monthly — and the pricing engine picks the best combination for each booking’s duration.

Caution

A booking can only be priced if its asset group has an active rate covering the requested dates. Set rates up before you start taking reservations.

Steps

1. Open Pricing → Rates from the left sidebar.

2. Click Add rate and choose the asset group the rate applies to.

3. Enter the pricing tiers. You must set at least one:

   • Daily rate — the most common tier; used for multi-day rentals.
   • Hourly rate (optional) — for short, same-day rentals.
   • Weekly / monthly rate (optional) — discounted long-term tiers.

4. Set the currency (for example EUR) and the tax rate that applies.

5. (Optional) Set a valid from / valid to window for seasonal pricing. Leave both empty for an always-active rate.

6. Click Save.

How pricing is calculated

When a quote or booking is priced, the engine:

1. Counts the rental duration.
2. Selects the tier combination that yields the lowest valid total.
3. Adds any extras, applies discounts, then applies tax.

Note

Rates are locked at rental creation time — the price is stored on the rental record, so later rate changes never affect existing contracts.

Developers can read the same rates over the API — see the rates endpoint in the API Reference.