Default Rental / Loan, and Late Fees

You can current set fees on a Per Rental/Loan or Per Day basis and Late Fees or fines on a Per Day basis. If you set a replacement cost for your items, the late fees will be capped at the replacement cost of the item. We will be adding more flexible "pricing schedules" for hourly, daily, weekly and other standard loan periods in the future.

You can set per-rental fees on individual items by editing the item, or set defaults for some or all items by going to:

• Settings -> Inventory -> Set Item Default Values
• Select the Item type you want to set the default value on or click "All Items" in the upper right
• Or when editing an individual item, on the editing page click on the on the "Loans & Money" tab
• Set the "Amount / Fee" field
• Optionally set the per-day late fee as well
• Click Save

 For example, you could set default fees on all items, then override the value on "Power Tools", override it further on Power Saws, and then even set a specific fee on an individual Power Saw. This lets you change all or large portions of your inventory with just a few clicks.