Overview:
Rental Schedules are specific to the Rental Method of charging equipment. The Rental Method allows users to track the location of an asset, while charging it out to a Job. A Rental Schedule dictates an amount per day that an asset will charge while on the Job Site. There are two main types of Rental Schedules: Charging an asset to a Job based on a sliding scale percentage (of a fixed monthly rate) or a Flat amount pre day. A sliding scale percentage schedule is where the asset would charge a percentage of a monthly rate that slides with an increasing number of day on the Job. A flat rate schedule would be where an asset charges a fixed amount per day, with that amount potentially varying based on the number of days on site.
Benefits:
- Allows for full usage of PENTA's fixed asset module.
- Enables the ability to track assets while charging them out, eliminating double entry or need for a 3rd party software.
- Allows for the ability to track profitability based on # of days an asset spends on a Job site.
Roles:
- Fixed Asset Manager
- Accounting Manager
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- Equipment Cost Control> Setup> Rental Schedules
Video:
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