About Transfer Rental

Updated by Cheryl Wallace

Transfer Rental is an add-on module that piggybacks on transfers to charge sales for consumables an non stock parts and rent for bulk and serialized inventory to stocking points receiving the inventory.

Disambiguation: For rentals and sales charged for inventory checked out to an employee or non-stocking location project site, see Transaction Rental.

The preliminary setup requires that the Rental Period be created and at least one stocking point is flagged as a Billing Location. Then a Rate Sheet is created and configured with all parts and the rates being charged. Each stocking location being charged rent must be added to the rate sheet prior to the transfer taking place. As each transfer is created, the tool crib operator must specify a Billing Location.

Rent begins when the transfer is created. Consumable and non-stock items are sold. Any items lost in transit will be charged for the period in transit. Rent continues accruing until the inventory is transferred back to the point of origin.

The administrator or user tasked with maintaining the charges will run the Partial Billing to apply charges accrued according to your billing cycle, usually at the end of each rental period, and run reports.

If a transfer is cancelled, any consumable and non stock items are credited at the same date and time as the original transfer and any non-consumable items stop the rental at the same date and time as the transfer.

Related Reports
Billing Report / Invoice, Rental Periods, Transfer Charges, Transfer On Rent, Transfer Rate Sheet

See also:

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