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 with, you must select the rental method to use in Company Maintenance > Other Tab—Rental Method. Choose between Monthly (Used for Calendar and monthly Rentals) or 28-day.
   1. Once you enable Rentals, you will see a new Menu appear called Rentals.
2. Set up an 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.
     • Setup one part for each add-on required.
     • On the Discounts & Markups tab, you can set up a part that is 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 and 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:

• Calendar Month Rentals
• Monthly Rentals 
• 28 Day Rentals 

Also see Rental Menus for information on Check-In, Generate Renewals, Rental Part List, and Rental History.