Re: question regarding set up for rental items-Thanks Dieter and Steve

[Ed W. <ew...@rh...>]

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Thanks Dieter.  I never thought about doing it this way and hopefully all 
responses to my question will help others too.  

Steve Doerr also posted an excellent reply and instructions, and I'm thanking 
him in this same email--thanks.  Your suggestion is the way 'I should' be 
doing this.

Thanks again to both of you,
- -- 
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
Toll Free: 866-G02-RHPS (866-402-7477)
Fax: 606-564-0076

On Wednesday 16 January 2002 03:11 pm, Dieter Simader wrote:
> 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
> > Toll Free: 866-G02-RHPS (866-402-7477)
> > Fax: 606-564-0076
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