I have created a parking space rental lease that is based on a quarterly billing cycle. My issue is "stragglers" who wish to sign a lease after the quarter has started. Specifically, there are several lots. Each lot has it's own quarterly rate. I already have the form calculating the number of desired spots x quarterly cost then it calculates the total amount due from the customer. But how do I prorate this formula to acknowledge the effective date of the contract's impact on the rate? So, that the customer knows how much is due as of the effective date forward?
For example, the quarter is 4/1/22 - 6/30/22. If the person begins their lease 4/12/22, I need the formula to calculate the # of parking spots x the remaining time left during the current quarter.
Please help! I've tussled back and forth with this thing all afternoon!
Thanks
For example, the quarter is 4/1/22 - 6/30/22. If the person begins their lease 4/12/22, I need the formula to calculate the # of parking spots x the remaining time left during the current quarter.
Please help! I've tussled back and forth with this thing all afternoon!
Thanks