Posting

The general process for posting a Rental Contract is to ship the item/machine to the customer and then post invoices for each interval as required by the contract. Once the contract is fulfilled, the customer returns the item/machine, at which time you must post the return to put the item/machine back into inventory. At this point, any further invoicing must be completed.

Note

If a rental item/machine is returned before the planned return date but after an invoice was posted for the entire rental period, a credit memo will need to be posted before the return can be processed.

Based on the setting in the Transfer Posting field in Rental Setup, contracts are processed for shipment and return using either a Transfer Order or an Item Journal. Each process moves the item/machine from the rental location to the customer location and then back to the rental location.

Invoices are created and calculated based on many factors from Rental Setup as well as in the Rental Contract. The Transfer Posting setting has no influence on the invoicing process.

The following table describes a sequence of tasks, with links to the topics that describe them.

To	See
Process shipments to the customer using a Transfer Order or Item Journal.	Rental Shipments
Process invoices to the customer.	Rental Invoices
Process returns from the customer using a Transfer Order or Item Journal.	Rental Returns

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