About Transaction Rental
Updated
by
Cheryl Wallace
Transaction Rental is an add-on module that piggybacks on issue and return transactions to rent inventory and charge sales for consumables & non stock parts.
The preliminary setup requires that 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 employer or non-stocking location being charged rent must be added to the rate sheet prior to the transaction taking place. There are no additional steps for the tool crib operator.
Sale charges are applied immediately at the time of the transaction. The administrator or user tasked with maintaining the charges for serialized and bulk inventory will run the Partial Billing to calculate and apply charges accrued according to your billing cycle and run reports filtered by date range to act as bills or invoices, or export the charges data to be sent to an ERP system. If the Partial Billing is not run according to your billing cycle, no charges will be generated until the inventory is returned.
Related Reports
See also:
- Getting Started - Transaction Rental Setup
- About Transaction Rate Sheets
- About Transaction On Rent
- About Partial Billing - Transaction Rental
- About Transaction Charges
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