Rental Equipment Rates

Rental equipment rates are added to the Rental Equipment Agreement, allowing agreed rates between the Client Owners and Vendors to be defined, transparent, and enforced. The rental equipment rates in the Track application support daily, weekly, monthly, weekly pro-rated, and monthly pro-rated rates for Rental Equipment in an easy-to-use input solution without manual calculations. Track applies these rates to the duration of the rental contract to calculate the rental charges.

 

Add Rental Equipment Rates

  1. After accessing Track, hover a mouse pointer over Settings.

  2. Drop down to Equipment, then select Rental Equipment Rates to open the Rental Equipment Agreement – Rates screen.

  3. Select an organization from the Organization drop-down list.

  4. Select an agreement from the Agreement drop-down list.

  5. Select a rental equipment group from the Group drop-down list.

  6. Enter the rate start and end dates from the appropriate text boxes or select the dates from the calendars.

  7. Click Input Rate to open the Equipment Rate Entry dialog box.

  8. Select an equipment type from the Type drop-down list.

  9. Enter the rate description into the Rate Description text box or proceed to the next step.

  10. The Daily, Weekly, and Monthly rates from the Equipment Rate Option area are based on the Rental Equipment agreement.

  11. Click the Daily checkbox then enter a daily rate into the Daily Rate text box.

  12. Click the Weekly checkbox then enter a weekly rate into the Weekly Rate text box.

  13. Click the Monthly checkbox then enter a monthly rate into the Monthly Rate text box.

  14. Clicking the Weekly Prorate checkbox will enable Track to calculate the weekly prorate automatically.

  15. There are two options to set up the monthly prorated rate: Calendar or Define.

  16. Enter the rate start and end dates into the appropriate text boxes or select the dates from the calendars.

  17. If applicable, enter the ERP rate and prorate codes into the appropriate text boxes.

  18. Click the Submit button. The rates for the selected equipment type are saved, and the Equipment Rate Entry dialog box refreshes.

  19. Repeat steps to enter rates for another equipment type.

  20. Click the Close button to return to the Rental Equipment Agreement – Rates screen. The rates for the selected equipment type display in the Rate Listing.

Edit Rental Equipment Rates

  1. From the Rate Listing, click the Edit icon to open the Equipment Rate Entry dialog box.

  2. Make changes to the rates or information to the selected equipment type in the appropriate text boxes or drop-down lists.

  3. Click the Submit button. The changes are saved, and the Equipment Rate Entry dialog box refreshes.

  4. Click the Close button to return to the Rental Equipment Agreement – Rates screen.

Delete Rental Equipment Rates

  1. From the Rate Listing, click the Delete icon on a line item. The delete confirmation dialog box appears.

  2. Click OK to delete the selected rate.