Use this screen to enter the information necessary to run the Rental Equipment Return on Investment (ROI) report or to calculate the payments of a loan.
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Access this screen by pressing F6=Add from the Equipment Maintenance - Equipment Loan Maintenance screen. Enter the information necessary to calculate loan payments. This information is also used by the Rental Equipment ROI report. An interest rate must be entered in order to run the ROI report.
After entering the required information, press Enter to view a loan payment schedule.
Equipment Maintenance - Launch
G/L Revenue Distribution Inquiry
Create an Equipment Loan
Enter or accept the number of the equipment for which you are entering loan information.
Enter the total amount of the loan for the equipment.
If applicable, enter the balloon payment for the loan. A balloon payment is a final payment of a loan that is larger than the loan's regular payments, and it pays off the loan.
Enter the year and the month that repayment of the loan starts.
Enter the number of months in the life of the loan.
Enter Y if the rule of 78 applies for this loan. The rule of 78 is a calculation process of interest expense. If the rule applies, higher interest payments are calculated for the early months of the loan. Enter N if the rule of 78 does not apply for this loan. In this case, you have a simple interest loan where the interest is evenly distributed over the life of the loan.
Enter the interest rate of the loan. You must enter this information in order to run the Rental Equipment ROI report.
For descriptions
of the columns that show the loan calculations, refer to the Equipment
Maintenance - Equipment Loan Maintenance screen topic.
Function Key |
Description |
F1 |
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F3 |
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F4 |
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Rental Equipment ROI Report
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