Keystroke Point of Sale Help

Sales Manager - Menus - Special - Transaction Type - Rental

The Rental Sales Transaction Type is normally used to manage items that are rented and returned. An example of its use:

- A Customer rents a bicycle by the day.
- The Clerk completes a Rental Transaction for a single bicycle rental day by entering 1 in the Days Quantity column.
- When the Customer returns the bicycle, for example after 3 days, the Clerk opens the Rental Transaction and enters 3 in the Actual Quantity column (which automatically changes the Days column to 3).
- Keystroke creates a Sales Invoice from the Rental Transaction for the 3 day bicycle rental.

Rentals commonly provide the following functionality:
- Allow a Minimum Payment (Deposit Amount) requirement to be defined.
- Allow Credit Payments (On Account) to be used.
- Updates Quantity On Hand, Quantity Allocated, and Last Sold Date in Inventory.
- Updates the Customer Last Purchase Date.
- Automatically converts to Sales Invoices (the Transaction Type to which it converts may be changed).
- May be manually converted to other Sales Transaction Types.


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