About Transfer Rate Sheets
Updated
by
Cheryl Wallace
Transfer Rate Sheet is part of the add-on Transfer Rental module. The Transfer Rate Sheet defines the parameters, or terms, and set of rental rates and selling prices for some or all part numbers when using the Transfer Rental module. Each rate sheet can be assigned to one or more stocking locations and rentals will be triggered automatically for transfers.
General identifying information and parameters for a transfer rate sheet include
Transfer Rate Sheet | This is the name of the rate sheet. It must be unique. |
Visibility | The visibility to be used for this rate sheet. All stocking points charging rent (billing locations) and all destination stocking points (renting locations) must be under this visibility. |
Rental Period | The period of time for which these rates apply. The rental period must already exist. |
Active | Turn the rate sheet on or off. Rate sheets are active by default. Best practice is to confirm there are no items currently on rent before setting a rate sheet to inactive. |
Round Up To Full Period | Select this option to round charges up to the full rental period set on the rate sheet. If not selected, periods will be calculated as portions of the rental period in decimal values. Example: if a rental period is defined as a Month and an item has been transferred for 14 days, it will be charged for 0.5 of a Month if this option is not selected. If selected, the item will be charge the rate for an entire Month. |
Currency | This will default to the Currency set in the Setting Options. |
Details tab
Add Detail | Used to add a new part number to add to the rate sheet |
Part Number | The part number of the inventory for which rent is being charged |
Description | The read-only description of the part number |
Locked? | If checked, manual and mass updates are prevented for rates for this part. |
Rental Rate | The rental rate charged for the rental period. Only available for serialized and bulk part numbers. |
Idle Rate | The idle rental rate charged for the rental period. The idle status must be toggled on and off manually either for a single item or multiple items according to criteria. |
Minimum Charge | Enter the minimum rental charge to be applied even when the item is returned immediately. |
Maximum Charge | Enter the maximum total rental charge. This amount will not be exceeded regardless of the duration of the rental. |
Selling Price | Enter the amount to charge for sales of consumables and non stock parts. |
Average Cost | This read-only value from the Part Number General tab is included as a reference to assist in determining rates manually or when using Update Rates for mass changes. |
Locations tab
Location Name | Enter or select the renting stocking point to be transferred to the grid below. |
Billing Location | Enter or select the stocking point charging rent to be transferred ot the grid below. |
 | Click to transfer the combination of renting Location Name and Billing Location to the grid below. |
Charge Rent | Indicates that transfers with the combination of renting location and billing location will be used to determine rent. |
Discount | Enter the percentage value to be discounted off the standard rental rate for this stocking location. |
Related Reports
See also:
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