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  •  Accounts Payable module including AP control center designed to provide a 360° view of current supplier account position including ability to post invoices, register invoices, enter payment information etc

  •  Automated Goods received not invoiced accruals

  • Re-hire purchasing process including invoice posting and matching by hire dates. Ability to pass AP values through to end customer direct as a pass-thru re-hire charge if required. 

  •  3 way matching of purchase invoice against purchase order and goods receipt

  •  Management of automatic payments eg BACS, Swift etc for AP

  •  Partial payment handling and definition

  •  Internal document management for associating documents etc to customers and suppliers​

  • Accounts Receivable module including AR control center designed to provide a 360° of current customer account position including ability to post cash, raise credits, approve credit requests 

  •  Real time access to invoice and hire and sales contract history for credit controllers with easy drilldown and invoice, credit and contract reprints to fax, email or printer

  •  Cash Drawer or Till reconciliation and deposit tracking for dealing with hire cash (i.e. not credit) customers.

  •  Management of automatic payments eg BACS, Swift etc for AR

  •  Fully integrated to hire process and sales process for credit approval, quotation approval and tax exemptions 

AR -

Accounts Receivable:

  • If you invoice your customers in advance then the rentalresult application can assist you in hire revenue recognition by automatically 'straddling' the revenue across periods and posting it as future revenue

 

  • If you charge your customers on invoice anniversaries rather than at month end, you may be left with un-invoiced periods of income if you are charging in arrears. Automatic hire revenue accruals take care of these un-invoiced values so that your accounts are accurate

 

  • Hire Accruals can also be run manually at any point without being posted to the GL so that they can be used to measure current performance against target based on your known hires for the period

 

Hire Accruals & Hire 
Revenue Recognition 

rentalresult has a full financial suite covering GL, AR, AP & the Asset Register built into it from the ground up giving you unrivalled drill-through from financial to operational data. Alternatively we can integrate to your ERP

Financial Solutions for Hire & Equipment Management

  •  General Ledger fully integrated with all operational, financial and asset based modules
  •  GL supports up to 5 levels within the GL code, with up to 35 characters in total allowing most GL structures to be handled with ease
  •  All GL postings captured at Company level for multi-company and individual company reporting
  •  Detailed GL Inquiry with full drill down from GL Main head to individual document postings, through all levels of the GL Code. Drill through directly to the asset that created the posting
  •  Ability to load multiple budgets including period based weighting
  •  Ability to load journals from spreadsheets or manage recurring or auto-reversing journals
  •  Automatic bank reconciliation and bank transfer management
  •  Full audit control of all financial and operational activities delivering the security and transactional controls required by legislation such as Sarbanes-Oxley or IFRS.
  • Alternative project or job costing postings also generated if required

GL - General Ledger: &

Banking  

including

Revenue Accruals, Future Revenue Recognition & Flexible code structure

AP -

Accounts Payable:

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