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Rental Schedules

Owned by Nathan F. Welchlin [X] (Unlicensed)
Last updated: 06 21, 2022 by Claire Aleman

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

Location:

  • Equipment Cost Control> Setup> Rental Schedules

Video:

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