Use a rental order to rent items, sell items and/or provide a service to a customer.
You can add one or several rental items or sales items and/or service items to the rental order.
An invoice profile is required on the rental order. The profile will be used for rental price calculation and invoicing purposes for rental items. For sales and service items the invoice profile would not be taken into account for price calculation.
An on-rent date and expected off-rent date are required on the rental order. These dates will be used to calculate a rental price for rental items. For sales and service items these dates would not be taken into account for price calculation or invoicing.
At least one default rental agreement must exist to create a rental order. A rental agreement is a set of agreements around rental prices, rental items, and services. It is used to enter pre-determined data into the rental quotation or rental order.
The flows of the rental order explain how to create and send a rental order, manage a return order, or how to amend rental order.
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The rental totals on the orders are calculated based on the pricing that is populated from the rental agreement.
It is possible to manage the rental line with consumption-based price. The consumption-based billing can be defined only for serialized rental type. In case the serialized rental type must be invoiced with a consumption-based billing price, the consumption price must be defined and activated for the rental type on the Rental agreement. The consumption price is defined per consumption group. The actual consumption is based on the meter registration of the Business object meter that is associated to the same consumption group and assigned on the rental line, on the consumption price line. It is possible to define several consumption group for the same rental type. In that case, Business object must have required meters that are associated to consumption groups. The types of consumption-based billing that are supported: Every invoice. Invoice actual consumption every invoice period. Expecting that you receive the actual consumption every invoice period. Last invoice. Invoice actual consumption only on final invoice. The actual consumption will be calculated for entire rental period. When the equipment is returned and the final meter reading is registered and can be used for final invoice. Scenario covers case you don't have meter registration until the return of equipment. Estimated+Actual. You agreed with the customer on the expected usage, and based on that define the estimated consumption on Rental order. All invoices, except of final, will use the estimated consumption for the invoice. When the equipment is returned, the final meter registration is used for final invoice calculation. On the final invoice, the system calculates and posts the difference between actual consumption(for entire rental period), using the actual price (based on the usage the new gross consumption price can be applied) and posted intermediate invoices for CBB components (based on estimated consumption).
