Bill rentals

Steps

1. On an agreement, see what the next bill would charge under Billing, choose Bill up to and click Bill now. Or go to Lease & rentals → Billing, tick the agreements due and click Bill the ticked agreements.
2. The bill: days or weeks on hire × rate; months prorated by calendar days at the rent in force (increases applied on schedule) plus service charge; engine hours from the meter, at least the daily minimum; km from the odometer; usage above the included allowance at the excess rate; standby hours at the standby rate.
3. An invoice is created in Sales (issued straight away, unless you chose drafts in Settings → Lease management) - revenue to the rental revenue accounts and tax as usual, each line coded to the asset.

Good to know

• The next bill always starts the day after the last one. If an invoice is cancelled, Reopen period on the agreement opens it again (meters and readings restored) to bill it correctly.