Im running a rental business and i need to quote out rental equipment, while i can make a sales order and use fixed assets as rental items, in the quoting process i can’t, is there a way to add accounts to the quoting process?
Never use Fixed assets account for “renting”. Fixed assets account is only to be used when purchasing an asset, improving an asset or selling an asset.
When you rent an asset, it has nothing to do with fixed asset you are renting from accounting point view. You need to create new account called Rental income (or similar) and use this income account to categorize all income you earn from renting your assets.
Thanks, i managed to figure out a system.