Issue/Symptom/Question

We need to track customer equipment that is provided to us on loan in PENTA. How do we set that up?

Applies To

PENTA for Windows

Fixed Asset Management > Setup > Storage Locations/Yards

Fixed Asset Management > Asset Information

Equipment Cost Control > Equipment Charging - Rental Basis > Movement Entry > Equipment Transfers - Miscellaneous

Resolution/Fix/Answer

One of the ways you can track loaner equipment is to set the equipment up as an asset. Below are the steps to take to accomplish this:

• Setup a Yard or Yards where the equipment will be located via the Fixed Asset Management > Setup > Storage Locations/Yards window
• Navigate to Fixed Asset Management > Asset Information and enter the Master information for the Asset
  • In the Original Value: field, enter $0 so no values post to the asset account
  • Assign the asset to the appropriate yard

• In the Depreciation tab, delete the Depreciation Base # field so the asset will not create any depreciation expense

• Exit the window to complete the asset addition
• Use the Equipment Cost Control > Equipment Charging - Rental Basis > Movement Entry > Equipment Transfers - Miscellaneous to move the Asset between yards
• Once the asset has been moved permanently to the client site, you can dispose of the asset