Provides Fixed Asset Accounting and Maintains a Profit and Loss Statement for Company-Owned Equipment

Our Equipment module treats each unit as its own profit and loss center, providing fixed asset accounting and maintaining a profit and loss statement for company- owned equipment. The module allows you to charge your jobs for rental of company-owned equipment on an hourly basis. Each time an hour of equipment time is posted through hourly payroll, the rental cost is charged to the job and credited as "revenue" for that piece of equipment in the equipment subledger. This "revenue" is collected to recover ownership, major repair and operating costs of equipment while allocating these costs to the job - and the specific item within the job - that utilized the equipment. The module also reports the cost per hour of owning and operating each piece of equipment, plus totals, along with utilization and mechanical availability. It can compare estimated owning/operating costs with actual figures - over a month, a year, or over the lifetime of the equipment - and translate all costs into a unit cost. Owning and operating costs may also be reported by two additional units of production, such as loads and miles.

• Keeps track of all purchased, long-term leased and rental equipment.
• Quickly accesses equipment cost detail, showing all charges and revenue booked against a piece of equipment.
• Keeps track of the location and availability of all equipment.
• Prints revenue and cost for each piece of equipment. Cost breakdowns are provided - by ownership, major repair, and running costs - in both dollars and in unit costs.
• Generates a monthly depreciation report which shows date of purchase, original cost, depreciation for the current month, depreciation to date, and book value of each piece of equipment.
• Sets up an hourly equipment rental rate for ownership, major repairs, and running costs per company.
• Multiple rental rates may be established for each piece of equipment.\Multiple rental types can be established, such as all-found or with operator.

"The equipment costing reports allow me to see my equipment cost per working hour, or per load, or per mile. I can make intelligent repair/replace decisions with the data I'm collecting, and where my fleet includes similar equipment by different manufacturers, I can evaluate which manufacturer's equipment is the lowest cost per working hour."

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