Re: question regarding set up for rental items

[Dieter S. <dsi...@sq...>]

You could issue a zero amount invoice with a negative quantity (returned
item). Your customer has a record that he returned the equipment and you
add the equipment back to inventory.


Dieter Simader    http://www.sql-ledger.org   (780) 472-8161
DWS Systems Inc.     Accounting Software       Fax: 478-5281
=========== On a clear disk you can seek forever ===========

On Wed, 16 Jan 2002, Ed Wiget wrote:

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> We've been using sql ledger for over a year now and its truely been a stable 
> and efficient accounting program.  My accounting knowledge is minimal but the 
> program is simple enough to use and understand for all but one service we 
> offer.  This question should probably be directed to an accountant, but I 
> thought I'd give it a shot here first.
> 
> The question I have is regarding items we purchase from a vendor and then use 
> as short-term rental merchandise to our customers.  Initially we had this set 
> up (albeit incorrectly) by creating the vendor order and price, recieving the 
> item and adding to our inventory, then billing the item out at the rental 
> rate to our customers (most of the time its a daily rate below the original 
> purchase price).  
> 
> The problem we are having is how do we add the item back into inventory 
> without crediting the customer account once it is returned?
> 
> Thaks for Your time and help,
> - -- 
> Ed Wiget
> Owner/Senior Network Security Consultant
> RHP Studios
> "Keeping Your Data Safe!"
> http://www.rhpstudios.com
> email: ew...@rh...
> email2: sec...@rh...
> Office: 606-564-0046
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