Hire something out and take it back
Anything you hire out and get back — items, property or services — by the hour, day, week or month.
Steps
- Describe what you hire out under Catalogue and Fleet.
- Add the person or company under Renters and make the booking under Bookings. Calendar shows what is out and when it comes back.
- Take a deposit if you ask for one. When the item comes back, record damage and any fuel, mileage or meter use; damage is charged against the check-in record.
- Late fees, at the tariff or at a fee you declare per hour or per day, and usage are added under Charges. The deposit is kept in part or returned.
A company that also has Accounting has the rental money posted there automatically.
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