Pak Accounting's add on Rentals feature gives users the ability to invoice and track rental equipment for monthly/daily rental period.
To Setup:
1.To begin you must select the type of rental method to use in Company Maintenance > Other Tab - Rental Method, choose between Monthly (Used for Calendar & Monthly Rentals) or 28 Day.
a.Once you enable Rentals, you will see a new Menu appear called Rentals.
2.Set up account for Rental income in Account Maintenance.
3.Set up Class code for Rental equipment.
4.Set up each item in Parts Maintenance. There are three tabs to consider when creating these parts, General Information, Discounts & Markups, and Purchasing & Pricing (Optional: This is where you can list the price of the equipment and it will print on the invoice, if you do not want this, then do not fill out this tab.)
•Rental Item: The Item type will be R=Rental.
•Rental add-on (i.e. Damage Waivers, etc): Item type should be A: Rental Add On.
oSetup one part for each add on required.
oOn the Discounts & Markups tab, you have the ability to set up a part to be an additional percentage of the rental.
•To associate a Rental add-on to a Rental Item, go to the Parts Maintenance for Rental Item, on the General Information tab, add the add-on in the Additional Part 1 or Additional Part 2 fields. This way, when the Rental Item is added through Enter Invoices, the add-on will also populate.
For Specific Information for each Rental option, please see:
Also see Rental Menus for information on Check-In, Generate Renewals, Rental Part List, and Rental History.