1. Equipment Rental
  2. Rental Management
  3. Flows

Rental project credit wizard
Activity Flow

Use the project credit wizard to credit rental and sales lines. It supports these amendment types:

  • Price
  • Rental stop
  • Rate code
  • Full credit
  • Insurance
  • Manual credit

You can only use this if the rental project setup has Transfer rental order to project set to No. Full credit does not support non-rental items or on-account transactions. Invoicing must be based on rental order lines. Project invoices do not support invoice notes in credit scenarios.

Finance assistant Finance assistant Start Start Select project invoice for credit Select project invoice for credit Procedure 1. Go to Rental order management > Rental invoicing > Project rental credit wizard. 2. In the Customer/Invoice account field, enter or select a value. 3. In the Rental order field, enter or select a value. 4. In the Rental order field, type a value. 5. In the Invoice field, enter or select a value. 6. Click Next. What type of amendments? What type of amendments? Project credit - Price amendments

Project credit - Price amendments

You can amend the daily rental price for items. When you lower the price, the difference between the original and new price is credited for all chargeable days.

This results in a lower total amount for the rental invoice.

 Project credit - Rate code amendments

Project credit - Rate code amendments

You can amend the rate code. For example, change the price from '$10 per day' to '$10 per week'.

This change results in a discounted rate that is credited to the customer.

 Project credit - Insurance amendments

Project credit - Insurance amendments

You can credit only the gross insurance amount, either fully or partially. The net value cannot be credited.

 Project credit - Full credit

Project credit - Full credit

Apply this amendment to credit the full invoice amount. You can also credit partially or re-invoice. You cannot combine this with other amendment types.

 Project credit - Manual credit

Project credit - Manual credit

Create a credit for a monetary amount equal to the total invoice amount.

 Confirm amendments Confirm amendments End End

Activities

Name Responsible Description

Select project invoice for credit

Finance assistant

Project credit - Price amendments

Finance assistant

You can amend the daily rental price for items. When you lower the price, the difference between the original and new price is credited for all chargeable days.

This results in a lower total amount for the rental invoice.

Project credit - Rate code amendments

Finance assistant

You can amend the rate code. For example, change the price from '$10 per day' to '$10 per week'.

This change results in a discounted rate that is credited to the customer.

Project credit - Insurance amendments

Finance assistant

You can credit only the gross insurance amount, either fully or partially. The net value cannot be credited.

Project credit - Full credit

Finance assistant

Apply this amendment to credit the full invoice amount. You can also credit partially or re-invoice. You cannot combine this with other amendment types.

Project credit - Manual credit

Finance assistant

Create a credit for a monetary amount equal to the total invoice amount.

Confirm amendments

Finance assistant

Activities

Name Responsible Description

Select project invoice for credit

Finance assistant

Project credit - Price amendments

Finance assistant

You can amend the daily rental price for items. When you lower the price, the difference between the original and new price is credited for all chargeable days.

This results in a lower total amount for the rental invoice.

Project credit - Rate code amendments

Finance assistant

You can amend the rate code. For example, change the price from '$10 per day' to '$10 per week'.

This change results in a discounted rate that is credited to the customer.

Project credit - Insurance amendments

Finance assistant

You can credit only the gross insurance amount, either fully or partially. The net value cannot be credited.

Project credit - Full credit

Finance assistant

Apply this amendment to credit the full invoice amount. You can also credit partially or re-invoice. You cannot combine this with other amendment types.

Project credit - Manual credit

Finance assistant

Create a credit for a monetary amount equal to the total invoice amount.

Confirm amendments

Finance assistant

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