Since the pricing is category-based, the way the inventory is divided into categories is VERY important.  For example:  You would not have a category for televisions, because there are so many different kinds of televisions that rent for different rates.  You want to structure your inventory categories, the same way you structure your pricing for inventory.

Narrow a particular category by cost to target just the inventory items that are normally priced.  For example:  If you get a "deal" on a shipment of televisions and those fall below the normal cost, does the savings get passed on to the customer in the form of lower rental rates, or do you keep that savings?  The cost range defines this answer, so you can do it either way.  You can keep the savings, or you can pass that on to the customer.  But it is still a question you must consider before setting up the Rates file.

Normally, how many times the cost of an inventory item do you want to collect as the agreement balance.  For example:  A refrigerator may get 45.0 times the cost but a stereo may only get 3.0 times the cost.  Think of the turns in this way and attach a number of turns to each category.

Some rental operations have all their rental rates end in 0.99, or 0.88.  In order to keep all the rental rates standard and not have some rental rates ending in 0.01, do you want the computer to automatically round it to the same amount on all rental rates?

Is there a limit to how low the rental rates is allowed  to go for this particular category?  for example, if the cost was lower than the normal cost, would you rent this inventory item for 3 times that low cost?  Would you rent a television you bought for $100.00 for an agreement balance of $300.00?  If you would not, what is the minimum rental rate you would allow that television to be rented for?

Is there a limit of how high the rental rate is allowed to go for this particular category?  For example, if the cost was higher than the normal cost, would you rent the inventory item for 3 times that high cost?  Would you rent a television you bought for $1500.00 for an agreement balance of $4500.00?  If you would not, what is the maximum rental rate you would allow that television to be rented for?

If this particular Rates record is chosen, does the BOR (or items on rent) increase by one when that item is rented?  If this item increases the count of times on rent, is there any situation in which the renal of the item would not increase the count of items on rent?

If you want it to be discounted, do you want the price reduced or the term of the agreement reduced?  You may have up to (5) five levels of discount based on a range of income collected, for either price or term.  What income range do you want to be reached before the discount begins?