Category:
Rental CRM
Day-wise billing is calculated based on the actual number of days the asset is used, but it is derived from a fixed monthly (flat) rental amount.
The system first takes the monthly rent as a base value and divides it by the total number of days in that month (28/30/31) to calculate the per-day rate.
Example:
Monthly Rent = ₹3000
Month = 30 days
Per Day Rate = 3000 ÷ 30 = ₹100
If used for 10 days → ₹100 × 10 = ₹1000
This means billing is proportional to usage but always calculated from a fixed monthly base.