Details tab for Transaction Rate Sheet

Updated by Cheryl Wallace

The Details tab of the Transaction Rate Sheet contains rates per part number.

Fields on this tab include:

Part Number

Rates are set for each part number, not each item, to ensure consistency.

Description

Displays the read-only description of the part.

Locked

If not checked, manual and mass updates are allowed for rates for this part.

Hourly

The rental rate charged for an hour. Only available for serialized and bulk part numbers.

Daily

The rental rate charged for a day. Only available for serialized and bulk part numbers.

Weekly

The rental rate charged for a week. Only available for serialized and bulk part numbers.

Monthly

The rental rate charged for a month. Only available for serialized and bulk part numbers.

Idle Hourly

The idle rental rate charged for an hour. The idle status must be toggled on and off manually either for a single item or multiple items according to criteria.

Idle Daily

The idle rental rate charged for a day. The idle status must be toggled on and off manually either for a single item or multiple items according to criteria.

Idle Weekly

The idle rental rate charged for a week. The idle status must be toggled on and off manually either for a single item or multiple items according to criteria.

Idle Monthly

The idle rental rate charged for a month. 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.

  • For Serialized part numbers is applies to the entire duration of the rental
  • For Bulk part numbers this applies to the rental period in the billing cycle

Maximum Charge

Use the Maximum Charge to cap charges.

Enter the maximum rental charge:

  • For Serialized part numbers is applies to the entire duration of the rental and is cumulative. Once the maximum is reached, no further rent will be charged.
  • For Bulk part numbers this applies to the rental period in the billing cycle for a quantity of 1. This is renewed and recalculated each rental period.
    For examples, see How does Max Charge work?

Initial Charge

The amount charged separate from any time-based rental. This amount is automatically triggered as soon as the item is issued, regardless if it is returned immediately. This can be used as a setup, configuration, or other special fee unrelated to the duration of the rental. The initial charge is applied with the first charge (partial billing or return). If the first charge is 0 for the rental, the initial charge is still applied.

Selling Price

The price to charge when an item is sold. This is required to bill for consumable and non stock parts. If this value is left at 0, consumable and non stock parts can only be used for manual charges.

Average Cost

The average cost displayed on the part number's General tab. Useful as a reference when adding or editing rates manually or when using Update Rates.

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