Long-term rental and leasing billing has always posed a problem with the fact that months within a year contain a variable amount of days – 31, 30, 28 and sometimes 29! An industry standard for long-term rental and leasing is to bill on a 4 week basis and EMDECS certainly provides this.
Long-term rental and leasing of course pertains to units with customers over multiple months, perhaps multiple years. 4 week billing provides a recurring bill containing a predictable cost to customers, rather than inconsistent monthly amounts based on the number of days in any given month(s).
With 4 week billing setup, an invoice will auto-generate every 4 weeks from a start date, providing consistency to your rental/lease customer. If a unit is returned within a 4 week period, a final invoice billing only the days used within that period will be generated.