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The Rental Financial tab displays rental income and rental costs.
The rental categories come from the cost categories set up with the cost group types of Rental Income and Rental Expenses. See Create cost groups. All amounts posted to the general ledger accounts associated with the cost categories appear. Each general ledger account should have been set up for account analysis. In addition to the cost categories, depreciation will be listed as a rental expense. Depreciation amounts are recorded if the equipment is an asset on the Fixed Asset Management module, and the asset has a depreciation book entered in the Equipment Setup window. You may also display service costs and income as separate lines in this window. These figures come from Service Management service calls, which are assigned to a linked piece of equipment.
Use the lookup in the Agreement No. field to select a rental agreement for this equipment.
The The Contract TD (Contract To Date) column shows values relating to the rental agreement selected in the Agreement No. field. All other columns show rental income or expenses associated with this piece of equipment for the Current Period, current year (YTD), and for the life of the equipment (LTD).
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The Transport tab is used to set up a pricing item, which determines pricing information on transport requests for this equipment record. The Pricing Item field on the Transport tab must be set up if the equipment is to be available for transport. The pricing item must belong to the inventory item class selected for transport pricing items, as set up in the Transport module. See Setting up the Transport Module.
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The Service tab is used only when Equipment Management is used with Service Management. Establishing a link between this equipment record and an equipment record in Service Management allows you to create a service call before and after renting the equipment and update the status in Equipment Management when the equipment is used in Service Management. This tab displays the details of the corresponding equipment record in Service Management.
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- The Service Management equipment ID for this equipment was identified on the Service tab. See Service tab.
- The service call includes a task involving this piece of equipment.
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