Using Equipment Costing, you’ll appreciate these benefits:

• For accurate, informed decisions, costs of ownership and generated revenue are tracked for each piece of equipment with user-defined cost and revenue codes. These codes help track unique rates (hourly, daily, weekly, or monthly) for internal operating time, idle time, weather or repair-related downtime, depreciation, and external rental billings.
   
• Numerous management reports provide the current and historical information necessary to make informed “buy vs. rent “and “repair vs. replace” decisions.
   
• Fast on-screen inquiries display all equipment at a specified job site or the location of a specified piece of equipment. Convenient transfer procedures help maintain proper location information for equipment.
   
• Maintenance schedules and individual work orders that detail the procedures and materials required are invaluable aids for scheduling and performing maintenance. Convenient fuel usage and odometer mileage entries ensure accurate record keeping and proper functioning of the preventive maintenance schedule.
   
• Each piece of equipment may be assigned one or more user-defined maintenance codes, each specifying a distinct maintenance interval (days, hours, or miles), a description of procedures to be performed, and a list of materials required.
   
• Equipment usage may be entered directly, captured from Payroll time cards, or generated automatically using calendar-based formulas. Costs are posted directly to the specified jobs.
   
• Direct costs of equipment ownership (loans, insurance, licensing, etc.) as well as costs of repair labor and materials are automatically posted to equipment through integration with Accounts Payable, Payroll, and Inventory.
   
• Access to information and processing is controlled by a highly structured security and password system.
   
• User-defined fields track additional information for each piece of equipment (e.g. permit numbers, detailed specifications, attachments, etc.) without the need for custom programming.
   
• With Equipment Billing functionality, Rental Work Orders and Invoices can be produced. Information may be recorded for equipment rentals and customers may be invoiced for those rentals.

Reports include:

• Equipment Utilization
• Detail Equipment Costs by Job
• Usage Detail by Equipment
• Cost Detail by Equipment
• Maintenance History