Creating a rental order

This page enables you to create a rental order. Tell me more

Select the “Create Rental Order” link in the “Select Part #” page. Alternatively, click the hyperlinked part number in the multiline of the same page.

The “Create Rental Order” page appears.

The system displays the following field:

Date Format

The format in which the date field is displayed. This format is displayed from the "User Preferences" business component based on the login user ID. In case the format is not defined, the system displays the date format from the "Enterprise Modeling" business component by default.

The system displays the following field in the “Rental Order Details” group box:

Rental Order #

A unique number identifying the rental order. This number is generated and displayed by the system, when you click the “Create Rental Order” pushbutton. The number is displayed with its corresponding prefix and suffix of the numbering type selected. The number is incremented from the last number available in the “Document Numbering Class” business component.

Enter the following fields:

Numbering Type

Use the drop-down list box to select the numbering type for generating the rental order number. The system lists all the numbering types defined for the “Rental Order” transaction type in the “Create Numbering Class” activity of the “Document Numbering Class” business component that are valid on the current date. If the Rent for is selected as Customer, then the Numbering Type will be loaded with only the numbering the mapped to the Customer # provided as Rent for Trading Partner # in the Rental Order.

Data selection in this field is mandatory.

Rental Order Date

The date on which the rental order is created (Date Format). Mandatory. The rental order date should be later than or equal to the current server date.

Rental Order Type

The type of the rental order, which can be “Exchange” or “Regular”. Mandatory. The system displays “Regular” by default.

The system displays the following field:

Status

The status of the rental order, which could be “Draft” or “Fresh”.

Enter the following field:

Customer #

The code of the customer for whom the rental order is being created (Alphanumeric, 18). Mandatory. The customer code must have already been defined in the “Create Customer Record” activity of the “Customer” business component and should be in the “Active” status.

Help facility available.

Note: Ensure that the part is associated to the customer if “Rentable Part Mapping to Customer” option is set as “Mandatory” in the “Set Options” activity.

Order Currency

Use the drop-down list box to identify the currency in which the rental order transactions should take place. The system lists all the currencies created in the “Maintain Currency Information” activity of the “Enterprise Setup” business component along with the base currency identified for the company.

Data selection in this field is mandatory.

The system displays the following fields:

Part #	The part against which the rental order is created.
Part Description	The textual description of the part.

Enter the following:

Order Quantity

The quantity of the part to be rented (Integer). Mandatory

Click the “Get Part Details” pushbutton to retrieve the part details. Optional.

The system fetches the Part Details for the order quantity – Serial #, Lot #, Component #, Condition, Location, Warehouse # based on the Picking Strategy of the Parts. If the Picking Strategy is set for the Part as “Manual”, it will be applied as “FIFO” for fetching the details.

Note: The part information available for non-controlled parts will remain the same even after clicking the “Get Part Details” pushbutton.

Note : The system fetches the Part details only if, the Part details is not fetched from the entry page.

Enter the following fields:

Priority	Use the drop-down list box to select the priority to be assigned to the rental order. The system lists all the ‘active’ priority codes defined in the “Maintain Priority Codes” activity of the “Logistics Common Master” business component.
Aircraft Reg #	The registration number of the aircraft, incase of “AOG” priority (Alphanumeric, 30).
User Status	Use the drop-down list box to specify the user status of the rental order. The system lists all the ‘active’ user status codes defined for rental order document in the “Create User Status” activity of the “Logistics Common Master” business component.
Category	Use the drop-down list box to specify the category of the rental order. The system lists all the ‘active’ categories defined in the “Create Common Category” activity of the “Logistics Common Master” business component.

To copy rental order details

Enter the following fields in the “Copy Details” group box to copy the details of rental order:

Rental Order #

The rental order number from which you wish to copy the details (Alphanumeric, 18). This number must have already been defined in the login organizational unit. Ensure that the rental order is not in “Draft”, “Canceled”, “Returned” or “Under Amendment” status.

Help Facility Available.

Click the “Copy Rental Order” pushbutton to copy and create the rental order details.
Check the following boxes to specify copy options:

All	Check this box to copy all the details of the rental order.
Main Information	Check this box to copy the main information of the rental order.
Terms & Conditions	Check this box to copy the main information and terms & conditions specified for the rental order.
TCD Details	Check this box to copy the main information and TCD details of the rental order.
Penalty Charges	Check this box to copy the main information and details of penalty charges entered for rental order.

The system checks for the following while copying rental order details:

The part must be associated to the customer, if rentable part mapping to customer is set as mandatory in the “Set Options” activity.
The part type must be allowed for the rental order.
Minimum Stock Rule Check: The system verifies the minimum stock rule if the corresponding options is set to “Yes” in the “Set Options” activity:
If the planning type of the part is “Re-Order Level”, then the difference between the Available Quantity and the Order Quantity must be greater than the Reorder level quantity mentioned in the “Part Administration” or the “Storage Administration” business component.
If the planning type of the part is “Min / Max”, then the difference between the Available Quantity and the Order Quantity must be greater than the Minimum Quantity mentioned for the part in the “Part Administration” or the “Storage Administration” business component.

The system displays the following fields in the “Customer Information” group box:

Customer Name

The name of the customer to which the part is to be rented.

Specify Rent for Information

Enter the following fields in the “Rent for Information” group box:

Rent For

Use the drop-down list box to indicate whether the rental order must be created for the login organization or on behalf of a customer. The drop-down list box lists the following options for the category ‘Rental Order’ in “Purchase Option Settings” activity of the “Logistics Common Master” business component.

‘Self’, if “Rent parts on behalf of Customer” is set as “Not Allowed”.
‘Self’ and ‘Customer’, if “Rent parts on behalf of Customer” is set as “Allowed”.

The ownership of the Part-Serial/Lot # will be loaded and defaulted as the ‘Rent for’. If the part selected is none controlled part, based on the ownership the values will be loaded based on the availability of the Part in the defaulted Warehouse #.

Trading Partner #

The Customer # of the group company for which the rental order must be created in the login organization

Help facility available.

The system displays the following fields:

Trading Partner Name	The Customer name of the group company whose stock is going to be rented out against the rental order created in the login organization
Rental Inv. Org.	The company code of the group company or the login company whose parts is rented.

Specify customer details

Enter the following fields in the “Customer Information” group box:

Contact Person	The name of the contact person (Alphanumeric, 80).
Phone	The phone number of the contact person (Alphanumeric, 18).
Fax	The fax number of the contact person (Alphanumeric, 40).
E-Mail	The e-mail ID of the contact person (Alphanumeric, 60).
Address	The address of the contact person (Alphanumeric, 40).

The system displays the following fields in the “Part Information” group box:

Manufacturer Part #	The manufacturer part number.
Manufacturer Name	The name of the manufacturer.
Component #	The number identifying the component.
Condition	The condition of the component, which could be “New”, “Overhauled” or “Serviceable”.
Serial #	The serial number of the part.
Lot #	The number identifying the lot to which the part belongs.
Part Control Type	The type of part control, which could be “Serial number controlled” or “Lot number controlled” or “Serial & Lot Controlled” or “None” .
Part Type	The type to which the part belongs.
Location	The organizational unit in which the part is stocked.
Warehouse #	The warehouse in which the part is stocked.

Note: If the “Part” is of type “Component”,, the system ensures that the “Ownership” is set as “Owned” and “Possession Status” is blank for the Component in the “Aircraft” business component.

Note: The system retrieves the part information along with the location and warehouse from the “Select Part #” page, and the part description from the “Part Administration” business component. This is applicable for non-controlled parts as well.

Enter the following field:

Alternate Part #

The number identifying the alternate part (Alphanumeric, 40). The system ensures that the part number entered is valid and active, as defined in the “Part Administration” business component.

Help facility available.

Note: The system ensures that the “Ordered Quantity” for the Part is less than or equal to the Available Quantity in the location and warehouse

The system displays the following field:

Part Description

A textual description of the part.

Enter the following fields in the “Reference Details” group box:

Agreement #	The number identifying the lease agreement against which the rental order is created (Alphanumeric, 40).
Offer #	The number identifying the offer against which the rental order is created (Alphanumeric, 40).
Ref. Document #	The number identifying the reference document against which the rental order is created (Alphanumeric, 40).

Enter lease information

Enter the following fields in the “Lease Information” group box:

Lease Charges On

Use the drop-down list box to specify the method by which the lease charges are calculated. The system lists the following options:

Parameter – Select this option to calculate lease charges based on the parameter usage values.
Calendar Period – Select this option to calculate lease charges based on the calendar period.
Both – Select this option to calculate lease charges based on both parameter and calendar period.
None – Select this option to indicate that lease charges calculation is not based on parameter or calendar period.

Select “Calendar Period” or “None” for part types other than “Component”.

Data Selection is Mandatory.

From Date

The date from which the lease becomes effective (Date Format). Mandatory. This date should be later than or equal to the rental order date.

Calendar Lease Period

The lease period in terms of days, weeks, months or years (Integer). Mandatory, if you have selected “Calendar Period” or “Both” in the “Lease Charges On” field.

Select the unit of measurement for the calendar lease period, which could be “Days”, “Weeks”, “Months” or “Years”, from the drop-down list box provided alongside.

The system displays the following field:

Lead Parameter

The lead parameter of the component as defined in the “Aircraft” business component. The system displays this field if the part type is “Component”.

Enter the following fields:

Parameter Lease Period

The lease period in terms of lead parameters such as FC, FH etc (Integer). Mandatory, if you have selected “Parameter” or “Both” in the “Lease Charges On” field.

Penalty Applicable

Use the drop-down list box and set the field to “Yes”, to indicate that penalty is applicable for the rental order. Select “No” otherwise.

You must select “No” if you have set the “Lease Charges On” field to “None”. Data selection in this field is mandatory.

TCD Applicable

Use the drop-down list box and set the field to “Yes”, to indicate that taxes and charges are applicable for the rental order. Select “No” otherwise.

Data selection in this field is mandatory.

Enter the following fields in the “Charges Policy Details” group box:

Administrative Charges Policy

Use the drop-down list box to select the policy by which the administrative charges are calculated for the rental order. The system lists the options “Flat” and “Percent”. Data selection is mandatory.

Calendar Based Lease Charges Policy

Use the drop-down list box to select the policy by which the calendar based lease charges are calculated for the rental order. The system lists the options “Flat” and “Percent”.

Data selection is mandatory when the “Lease Charges On” field is set to “Calendar Period” or “Both”.

Calendar Based Lease Charges Basis

Use the drop-down list box to select the basis by which the calendar based lease charges are calculated for the rental order. The system lists the following options “Cumulative” and “Period”.

Data selection is mandatory when the “Lease Charges On” field is set to “Calendar Period” or “Both”.

To enter lease charges policy and basis for a ‘Component’

Parameter Based Lease Charges Policy

Use the drop-down list box to select the policy by which the parameter based lease charges are calculated for the rental order. The system lists the options “Flat” and “Percent”.

Data selection is mandatory when the “Lease Charges On” field is set to “Parameter” or “Both”.

Parameter Based Lease Charges Basis

Use the drop-down list box to select the basis by which the parameter based lease charges are calculated for the rental order. The system lists the options “Cumulative” and “Period”.

Data selection is mandatory when the “Lease Charges On” field is set to “Parameter” or “Both”.

Enter the following fields in the “Order Value Details” group box:

Base Price

The base price of the part (Decimal). Mandatory. This value must be positive. Enter this field only when you have set the “Base Price For Rental Order” option as “Enterable” in the “Set Options” activity.

The system displays the standard cost, standard sales price or part price list by default, according to the option specified in the “Set Options” activity. You can modify this field only when “Allow Editable Base Price” option is set to “Yes” in the “Set Options” activity.

Markup Factor

The markup factor that is used to arrive at the rental price (Decimal). If you have specified the default markup factor in the “Set Options” activity, the system displays it by default.

You can modify this field only when the “Allow Editable Mark Up Factor” option is set to “Yes” in the “Set Options” activity.

The system displays the following field:

Rental Price

The rental price calculated using the following formula:

Rental Price = Base Price * Markup Factor

To specify administrative charges

Enter the following:

Administrative Charges Percent

The percentage of the rental price to be calculated as administrative charges (Decimal). Mandatory, when the “Administrative Charges Policy” field is set as “Percent”.

If you have entered the above field, the system calculates the administrative charges using the following formula:

Administrative Charges = Rental Price * (Administrative Charges Percent / 100)

Administrative Charges

The amount that is included as administrative charges in the order value, when the administrative charges policy is “Flat” (Decimal). Mandatory, when the “Administrative Charges Policy” field is set to “Flat”.

The system displays the following:

Lease Charges	The lease charges applicable for the rental order. The total lease charges calculated for the ‘calendar period’, ‘parameter’ or ‘both’ is displayed here.
Rental Charges	The rental charges applicable for the rental order. This is the summation of ‘Administrative Charges’ and Lease Charges’.
TCD Value	The TCD value applicable for the rental order.

Enter the additional charges:

Additional Charges

Any other additional charges applicable for the rental order (Decimal). The value entered must be positive.

The system displays the following fields:

Total Rental Value	The total rental value of the rental order. This value is calculated using the formula “Rental Charges + TCD Value (Rental Order) + Additional Charges.
Exchange Rate	The exchange rate applicable for the order currency and the Company’s Base Currency.
Base Currency	The base currency of the company.

Specify calendar based lease charges

Enter the following fields in the “Calendar based Lease Charges” multiline:

From Period

The starting period (day / week / month / year) from which the lease is effective (Integer).

You must enter “1” in the first line of the multiline.

To Period

The ending period (day / week / month / year) till which the lease is effective (Integer).

You must specify the value entered in the “Calendar Lease period” field in the last line of the multiline.

The value entered here must be greater than or equal to the value entered in “From Period”. The value entered in all the rows except the last row must be lesser than the “Calendar Lease Period”.

For instance, if you have specified the calendar lease period as ‘20’ days, you can divide the period as ‘1 to 5’, ‘6 to 10’ etc. and define lease charges. Example.

The system displays the following field:

UOM

The unit of measurement of the calendar period.

Enter the following fields:

Flat Rate / UOM	The flat rate applicable for a day/week/month/year (Decimal). This number must be positive. You must enter this field if the calendar based lease charges policy is ‘Flat’.
Percent of Rental Price / UOM	The percentage of rental price applicable for a day/week/month/year (Decimal). This value should be positive and less than 100. You must enter this field if the calendar based lease charges basis is ‘Percent’.

The system displays the following field:

Lease Charges

The lease charges applicable for the period.

Enter the following field in the multiline:

Remarks

Any remark pertaining to the lease charges defined for the period (Alphanumeric, 255).

Specify parameter based lease charges

Enter the following fields in the “Parameter based Lease Charges” multiline:

From Value

The starting value in the range of parameter values from which the lease is effective (Date Format).

You must enter “1” in the first line of the multiline.

To Value

The ending value in the range of parameter values until which the lease is effective (Date Format).

You must specify the value entered in the “Parameter Lease period” field in the last line of the multiline.

The value entered here must be greater than or equal to the value entered in “From Value”. The value entered in all the rows except the last row must be lesser than the “Parameter Lease Period”.

The system displays the following field:

UOM

The unit of measurement of the lead parameter.

Enter the following fields:

Flat Rate / UOM	The flat rate applicable per UOM (Decimal). This number must be positive. You must enter this field if the parameter based lease charges policy is ‘Flat’.
Percent of Rental Price / UOM	The percentage of rental price applicable per UOM (Decimal). This value should be positive and less than 100. You must enter this field if the parameter based lease charges policy is ‘Percent’.

The system displays the following field:

Lease Charges

The lease charges applicable for the parameter value range.

Enter the following field in the multiline:

Remarks

Any remark pertaining to the lease charges defined for the parameter values (Alphanumeric, 255).

Refer the section “Lease Charges and Rental Charges Calculation” for a suitable illustration.

Enter the following fields in the “User Defined Details” group box:

User Defined Detail – 1	Any user defined detail pertaining to the rental order (Alphanumeric, 25).
User Defined Option - 1	Use the drop-down list box to select the user defined option. The system lists all the ‘active’ user defined option values entered for the rental order transaction in the “Logistics Common Master” business component.
Ref. Document	The reference document against which the rental order is created.
Remarks	Any remark or comment pertaining to the rental order (Alphanumeric, 255).

Enter the following field in the “Attachments” group box:

File Name

The file name of the document that you wish to attach to the rental order (Alphanumeric, 18).

Click the “Create Rental Order” pushbutton to create the rental order.

Note: This action is workflow-enabled. Notification messages can be sent and you can configure further processing of this document in the "Workflow Management" business component.

The system checks the following on creating the rental order:

Minimum Stock Rule Check: The system verifies the minimum stock rule if the corresponding options is set to “Yes” in “Set Options” activity.

If the planning type of the part is “Re-Order Level”, then the difference between the Available Quantity and the Order Quantity must be greater than the Reorder level quantity mentioned in the “Part Administration” or “Storage Administration” business component.
If the planning type of the part is “Min / Max”, then the difference between the Available Quantity and the Order Quantity must be greater than the minimum quantity mentioned for the part in the “Part Administration” or “Storage Administration” business component.

The system performs the following on updation:

Creates a rental order with the information entered in the respective fields.
Administrative charges calculation: If you have specified a flat amount as administrative charges, the system considers the same. Otherwise, the administrative charges are calculated using the administrative charges percentage entered, using the following formula:

Administrative Charges = Rental Price * (Administrative Charges Percent / 100)

Calendar based lease charges calculation: The calendar based lease charges are calculated by considering either a flat rate or a percentage of rental price for each line item in the multiline. For each line item, the difference between the (‘To Period’ and ‘From Period’ +1) is multiplied with the flat rate or the percentage of rental price to arrive at the lease charges. If the calendar based lease charges basis is “Period”, the system adds all the lease charges calculated for each line item and displays the total lease charges. If the calendar based lease charges is “Cumulative”, the ‘To Period’ of each line item is multiplied with the flat rate or the percentage of rental price to arrive at the lease charges. The total lease charges will be the lease charges mentioned for the last line item.
Parameter based lease charges calculation: The parameter based lease charges are calculated by considering either a flat rate or a percentage of rental price for each line item in the multiline. For each line item, the difference between the (‘To Value’ and ‘From Value’ + 1) is multiplied with the flat rate or the percentage of rental price to arrive at the lease charges. If the parameter based lease charges basis is “Period”, the system adds all the lease charges calculated for each line item and displays the total lease charges. If the calendar based lease charges is “Cumulative”, the ‘To Value’ of each line item is multiplied with the flat rate or the percentage of rental price to arrive at the lease charges. The total lease charges will be the lease charges mentioned for the last line item.
Updates terms and conditions entered for the rental order in the “Edit Terms & Conditions” page.
Assigns the “Draft” status to the rental order if mandatory information is not entered. Else, assigns the “Fresh” status.
Sets the amendment number as ‘0’.

To proceed carry out the following:

Select the “Edit Terms & Conditions” link at the bottom of the page to specify terms and conditions for the rental order.
Select the “Edit TCD Details” link at the bottom of the page to enter taxes, charges and discount details for the rental order. Ensure that the “TCD Applicable” field is selected as “yes”, before selecting this link.
Select the “Edit Penalty Charges” link at the bottom of the page to specify penalty charges details for rental order. Ensure that “Penalty Applicable” field is selected as “yes”, before selecting this link.
Select the “Maintain Additional Shipment Information” link to record the additional shipment details of the Carrier / Agency # to Rental Order.
Select the “Edit Rental Order” link at the bottom of the page to modify the rental order details.
Select the “Authorize Rental Order” link at the bottom of the page to authorize the rental order details.
Select the “View Consumption & Range Parameters” page to view the consumption and range parameters information for the part.
Select the “Upload Documents” link at the bottom of the page to facilitate upload of documents against the Rental Order.
Select the “View Associated Doc. Attachments” link at the bottom of the page to view the uploaded documents against the Rental Order.

Refer to "View Consumption & Range Parameters - An overview" under "Aircraft" Business component.

Select the “Generate Rental Order Report” link at the bottom of the page to generate the Rental Order report.

What you can do in this page

Identify rental order currency

Set priority for rental order

Indicate whether penalty is applicable

Indicate whether TCD is applicable

Copy rental order details

Specify customer details

Enter lease information

Enter lease charges policy and basis

Specify administrative charges

Specify calendar based lease charges

Specify parameter based lease charges

Identify rental order currency

You can identify the currency in which the transactions pertaining to the rental order would take place.

Select the appropriate currency from the “Order Currency” drop-down list box.

Set priority for rental order

You can assign priority for a rental order. If the priority is “AOG” you can enter the registration number of the aircraft.

Select the appropriate “Priority” for a rental order.
Enter the “Aircraft Reg #” field, if the priority of a rental order is marked “AOG”.

Indicate whether penalty is applicable

You can identify whether penalty charges are applicable for the rental order, if the part is utilized beyond the lease period. You can enter the penalty charges details in the “Edit Penalty Charges” page.

Set the “Penalty Applicable” field to “Yes” or “No”.

Indicate whether TCD is applicable

You can indicate whether taxes, charges and discounts are applicable for the rental order. You can enter the TCD details in the “Edit TCD Details” page.

Set the “TCD Applicable” field to “Yes” or “No”.

Prerequisites

“Create Numbering Class” activity under “Document Numbering Class” business component.
“Create Customer Record” activity under “Customer” business component.
“Maintain Currency Information” activity under “Enterprise Setup” business component.

Creating a rental order - An overview

This page enables you to create a rental order. A rental order is created to lease or rent a part, normally a component, to help the customer overcome a short-term requirement of the component.

Rental Order Details

You can select the numbering type based on which the rental order will be created. You can enter details such as rental order date, customer code, order currency, priority, aircraft registration number in case of “AOG” priority, user status and rental order category.

Copying details from existing Rental Orders

You can create a rental order by copying details from rental orders that are already defined in the system. You can copy all or specific details from the existing rental order.

Customer Information

You can furnish details of the customer to whom the part is rented. You can enter details such as name of the contact person, phone number, fax number, e-mail address and the postal address of the contact person.

Part Information

You can specify the number of parts that would be rented. If the part is serial-controlled or lot-controlled, you must specify the quantity as “1”.

Reference Document Details

A lease agreement can serve as the reference document for a rental order. Both parties that wish to establish a lending relationship sign a lease agreement. Rental charges are agreed upon, along with commercial and shipping terms. You can enter the agreement number, offer number and reference document number in this page.

Lease Information

You can specify the details regarding the lease applicable for the rental order. You can specify whether the lease charges will be based on usage of the component (by tracking the parameter values) or based on the calendar period of the lease, or both. You can also indicate whether penalty is applicable, if the part is used beyond the lease effective period.

Calendar based lease charges information

You can specify the period (days/weeks/months/years) for which the lease is effective. You can specify the policy by which the lease charges will be calculated: Flat rate or Percentage of Rental Price. In addition to this, you can divide the lease period into small units so as to calculate lease charges on period or cumulative basis.

You can specify the period range and the corresponding flat rate or the percentage of rental price per day/week/month/year. The lease charges will be calculated for every period defined and summed if the basis is specified as “Period”. The lease charge for the applicable range alone will be summed if the basis is “Cumulative”.

Parameter based lease charges information

You can specify the period and range of parameter values for which the lease is effective. You can identify the policy by which the lease charges will be calculated: Flat rate or Percentage of Rental Price. You can define different ranges of parameter values to calculate lease charges on period or cumulative basis. The lease charges will be calculated for every parameter range defined and summed if the basis is specified as “Period”. The lease charge for the applicable range alone will be summed if the basis is “Cumulative”.

Lease Charges and Rental Charges calculation:

The following scenario depicts the calculation of lease charges and rental charges:

Let us consider the following statistics:

Rental Price	$10,000
Calendar Period	30 Days
Parameter Period	100 FH
Calendar based Lease Charges Policy	Percent
Parameter based Lease Charges Policy	Flat
Calendar based Lease Charges Basis	Cumulative
Parameter based Lease Charges Basis	Period
Administrative Charges @ 5 %	$ 500

Calendar Based Lease Charges Calculation:

From Period	To Period	Rate (%)	Lease Charges
1	10	1%	$1,000
11	20	1.25%	$2,500
21	30	1.50%	$4,500

Calendar based Lease Charges = $4,500

Parameter Based Lease Charges Calculation:

From Value	To Value	Flat Rate	Lease Charges
1	30	$10	$300
31	60	$12	$360
61	100	$15	$600

Parameter based Lease Charges = $1,260

Rental Charges Calculation

Lease Charges = Calendar Based +Parameter Based Lease Charges = $5,760

Rental Charges = Lease Charges + Administrative Charges = $5,760 + $500 = $6,260

When the “Lease Charges On” is set to “None”, then no lease charges will be available. Based on the administrative charges, Rental Charges are calculated.

Order Value details

You are allowed to enter the base price if base price entry is allowed in “Set Options” activity. You can edit the mark up factor that is used to arrive at the rental price, if editing of markup factor is allowed in “Set Options”. Other details such as administrative charges amount or administrative charges percent can be entered. Based on the values entered, the system calculates the rental price, lease charges, rental charges and total rental value.

Other details

You can enter user-defined details for the rental order. You can also specify the document attachment information.

The system assigns “Draft” status to the rental order if the mandatory data entry is not complete. Otherwise, the system assigns “Fresh” status to the rental order.