Rental management uses Sales Orders for invoicing and Transfer Orders for Inventory handlings

This is what happens in the video

Like for instance, here I have a sales order.

And first of all, I would create an item number that I’m going to rent out.

In this scenario, a Segway within from two days, etc.

Actually, it’s two Segways.

And I can send this as a quote to my customer with whatever price for renting it out.

And then when the customer accepts, I can swap the rental line in here.

And it will create a transfer order instead, meaning that it changes my sales order to a resource, and now the quantity will be quantity of days that you’re renting it.

So if it’s eight days, 2 Segways, you will be charged 16 days.

So this will be the charge per day, and if you prolong the rental period, it will also charge two quantities per every day you prolong it.

And it creates a transfer order, one or two transfer orders depending on your setup.

So it has a relation line and it creates an outbound transfer order for shipping the goods to the customer, or just registering in the inventory that it’s shipped.

So it’s shipping from one location where I store my rental goods to another location that I’m using for handling whatever is out of my inventory at the customer site.

And I can post this to show my inventory that it’s actually gone, I can use it on my inventory.

And likewise, it creates an inbound transfer order for the item to come back and this is also how I control the period of the rental if it’s a running period.

So it uses the sales order line with resources for the invoice part and the transfer order for the item handling part on inventory.