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The foundation for equipment rentals is the rental agreement document. A rental agreement is set up to record all revenue and costs for equipment and other service items relating to rental.
About agreement types
Setting up agreement types allows you to categorize rental agreements and associate certain attributes and settings with each type. For example, you may choose to base your agreement types on when you invoice agreements (weekly, monthly, etc.), or, if you categorize your rental equipment, you may choose to set up an agreement type for each equipment category.
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Setting up defaults is optional. Defaults will fill into the price rate lines of an agreement, and they cannot be changed on the price rate line level. Leave these fields blank if you want to be able to define overages per agreement.
