Walkthrough: Create a Rental Item – The Portable Generator

In this topic, we take you through the steps to use the COSMO Rental demo data to create a new rental item.

Scenario

COSMO Rental has been implemented at The Rent Entirely Everything Company. The company is adding a new piece of equipment—a Portable Generator (model REN-I-PG500)—to their rental portfolio. The generator will be available for various rental durations (daily, weekly, monthly) and offers additional features like scheduled maintenance and real-time availability tracking.

This scenario demonstrates how to set up this rental item in Business Central using the COSMO Rental extension.

Note

Any values in parentheses "( )" can be different on your local Business Central Version and language. You can choose an appropiate value from the list.

Steps

Follow these steps to set up rental items.

Create a new rental item

  1. Choose the Lightbulb that opens the Tell Me feature icon, enter Rental Items, and then choose the related link.

  2. Choose the New action, and then fill in the fields as described in the following table.

    Field Value
    No. REN-I-PG500
    Description Portable Generator
    Base Unit of Measure (PCS)
    Rental Billing Unit DAYS
    Min. Rental Period 1M
    Rental Deposit Unit Amount
    Rental Deposit Value 2500
    Gen. Prod. Posting Group (RETAIL)
    Inventory Posting Group (FINISHED)

Add item rental rate components

  1. On the Home menu, choose the Item Rental Rate Components action.

  2. Create a new entry by filling in the fields as described in the following table.

    Field Value
    Type One-Time Invoicing
    Rate Component No. CLEANING
    Source Type Resource
    Source No. LINA

Add rental prices

  1. Choose the Lightbulb that opens the Tell Me feature icon, enter Rental Price List, and then choose the related link.

  2. Open Price List REN-00001.

  3. In the Status field, enter Draft.

  4. In the Lines FastTab, add a new line and fill in the fields as described in the following table.

    Field Value
    Product Type Item
    Product No. REN-I-PG500
    Billing Unit DAYS
    Unit Price 100

  5. Add another line and fill in the fields as described in the following table.

    Field Value
    Product Type One-Time Invoicing
    Product No. CLEANING
    Related Item No. REN-I-PG500
    Unit Price 20

  6. In the Status field, enter Active.

Result

The Portable Generator is now set up with a price and a rate component.

See Also

Introduction to COSMO Rental
Contracting


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