Setup: Equipment Costing Setup: Equipment Costing
This screen can be accessed by selecting Setup > Accounting Options > Equipment Costing. It can also be accessed by right-clicking the Equipment Costing menu icon.
Before operating the Equipment Costing module, assign the accounts to which expenses and income for equipment must be applied.
Equipment Expense
Enter the General Ledger accounts to which the equipment operating expenses should be applied. The above account is used merely as a default. To change the account manually, enter the number or click on the lookup button and the General Ledger Accounts will come into view. Highlight the desired account and press the Select button.
Contra-Expense
To change the account manually, enter the number or click on the lookup button and the General Ledger Accounts will come into view. Highlight the desired account and press the Select button.
Internal Income
Enter the General Ledger accounts to which income from internal equipment usage will be applied. The above account is used merely as a default. To change the account manually, enter the number or click on the lookup button and the General Ledger Accounts will come into view. Highlight the desired account and press the Select button.
External Income
Enter the General Ledger accounts to which income from external (rental) equipment usage will be applied. The above account is used merely as a default. To change the account manually, enter the number or click on the lookup button and the General Ledger Accounts will come into view. Highlight the desired account and press the Select button.
Post Equipment Log Entries during Payroll Posting (check box)
If this box is checked, any equipment log entries made during timesheet entry will be posted when Payroll Timesheets are posted.
If this option is not selected, when timesheets are posted an Equipment log will be created that may be proofed and posted through Usage Logs on the Equipment Costing menu.