Split Month Storage is a Fee Calculation Type designed for monthly pallet storage agreements where the initial storage rate depends on when a pallet is received during the month.
It allows you to manage the initial and recurring pallet storage charges under a single Storage fee instead of creating separate fees for different parts of the month.
Split Month Storage provides three types of storage charges:
Initial Storage at the Standard Rate
Initial Storage at the Alternate Rate
Recurring Storage at the Standard Rate
Availability and settings
Split Month Storage is available only for Billing Contracts with a Monthly billing frequency.
When you select Split Month Storage as the Fee Calculation Type for a Storage fee, Fee By and Charge By are automatically set to LP and cannot be changed.
The following settings become available under Split Month Settings:
Setting | Description |
Split Day of Month | Determines the last day of the month that uses the Standard Rate for the initial storage charge. The default is 15. |
Standard Rate | Initial storage rate for LPs received on or before the Split Day. It is also used for Recurring Storage. |
Alternate Rate | Initial storage rate for LPs received after the Split Day. |
Minimum Price | Optional. Uses the existing Minimum Price behavior for Storage fees. |
Maximum Price | Optional. Uses the existing Maximum Price behavior for Storage fees. |
Conditions | Optional. Existing fee conditions can be used to further define which inventory is eligible for the fee. |
The Split Day can be configured from 1 through 27.
Suggested screenshot placement: Add the Create/Edit Fee screenshot directly below this section.
Configure Split Month Storage
Open the Billing Contract where you want to add the Storage fee.
Make sure the Billing Contract frequency is set to Monthly.
Create a new fee or edit an existing fee.
Select Storage as the operation type.
Select Split Month Storage as the Fee Calculation Type.
The system automatically sets Fee By and Charge By to LP.
Under Split Month Settings, enter the Split Day of Month.
Enter the Standard Rate and Alternate Rate.
Configure Minimum Price, Maximum Price, or Conditions when required.
Save the fee.
How Split Month Storage is calculated
Split Month separates the first-month storage charge from storage charges in subsequent months.
Initial Storage
The initial storage charge is determined by the LP's Receiving Date.
If the Receiving Date is on or before the configured Split Day, the Standard Rate is applied.
If the Receiving Date is after the configured Split Day, the Alternate Rate is applied.
For example, when the Split Day is set to 15:
Receiving Date | Charge Category | Rate |
August 1–15 | Initial Storage (1-15) | Standard Rate |
August 16–Month End | Initial Storage (16-Month End) | Alternate Rate |
The Initial Storage charge belongs to the billing period in which the LP is received.
Example
Assume the following configuration:
Split Day: 15
Standard Rate: $21.00
Alternate Rate: $10.50
An LP received on August 10 receives:
Initial Storage (1-15): $21.00
An LP received on August 20 receives:
Initial Storage (16-Month End): $10.50
Recurring Storage
For subsequent months, an eligible LP that remains in storage is charged the Standard Rate as Recurring Storage.
Recurring Storage is determined using Logiwa IO's daily inventory snapshot data. The system uses the persisted inventory snapshot for the first UTC calendar day of the month to determine which LPs are eligible for that month's recurring storage charge.
Example
An LP is received in July and remains in inventory on August 1.
For August, the LP receives:
Recurring Storage: $21.00
using the Standard Rate from the example above.
An LP does not receive both an Initial Storage charge and a Recurring Storage charge for the same Split Month fee and the same charge month.
For example, an LP received during August receives its applicable Initial Storage charge for August. Its Recurring Storage begins in a later eligible month.
Calculation example
Assume:
Split Day: 15
Standard Rate: $21.00
Alternate Rate: $10.50
LP | Scenario | August Charge |
LP-A | Received August 10 | Initial Storage (1-15) at $21.00 |
LP-B | Received August 20 | Initial Storage (16-Month End) at $10.50 |
LP-C | Received in July and remains in inventory for August | Recurring Storage at $21.00 |
LP-D | Received August 1 | Initial Storage (1-15) at $21.00; no August Recurring Storage |
This allows first-month and ongoing pallet storage to be calculated automatically using one Storage fee.
Billing reports
Split Month Storage results are separated into three aggregate charge categories in the billing reports:
Initial Storage (1–Split Day)
Initial Storage (Split Day + 1–Month End)
Recurring Storage
For example, when the Split Day is 15, the report displays:
Initial Storage (1-15)
Initial Storage (16-Month End)
Recurring Storage
If the Split Day is changed to 10, the corresponding Initial Storage ranges become:
Initial Storage (1-10)
Initial Storage (11-Month End)
The displayed ranges therefore reflect the Split Day configured for the fee.
Both the Detailed Billing Report and Consolidated Billing Report provide the Split Month result as aggregate charge lines rather than individual LP-level billing rows.
Suggested screenshot placement: Add a billing report example here showing the three Split Month charge lines.
Conditions and Minimum / Maximum Prices
Split Month Storage supports the same optional Conditions, Minimum Price, and Maximum Price capabilities available for Storage fees.
Conditions can be used to limit which eligible inventory is included in the calculation.
Minimum and Maximum Price settings continue to use the existing Billing behavior and do not introduce a separate calculation rule specifically for Split Month.
Important considerations
Split Month Storage is available only for Monthly Billing Contracts.
Split Month Storage is an LP-based calculation. Inventory that is not associated with an LP is not counted as a pallet for this fee.
A valid Receiving Date is required to accurately determine the Initial Storage period and whether the Standard or Alternate Rate applies.
Recurring Storage uses the existing daily inventory snapshot process and the first UTC calendar day of the charge month.
Split Month calculations use UTC-based billing data.
Other Storage fees configured on the same Billing Contract continue to calculate independently according to their own configuration and Conditions.