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Rates are basically a shortcut way of entering multiple transactions with pre-defined categories, descriptions, and dollar amounts (multiplied by the appropriate quantities). Taxes can be automatically applied, and you can specify what kind of quantity multipliers will be needed -- a number of day/weeks/months, or number of sites, or a variable quantity such as number of gallons. The primary use for rates is for site rental rates and add-on charges, but they can also be used for electric, gas and water meter support, merchandise, credits, and anything else for which you want to "memorize" transactions.
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Auto-Rates proper order example