Working with 8-Equipment Management > 8-3 Equipment Records > Costs of Operation > Entering cost recovery and rental rates

Entering cost recovery and rental rates

Note: This functionality is available only if you have the Equipment Module.

Cost recovery is the cost of owning and operating a piece of equipment on a per-unit basis and changing that cost to on-going projects. As equipment is changed to projects, you are recovering its costs.

To enter cost recovery and rental rates:

1 Open 8-3 Equipment.
2 Using the data control, select the equipment.
3 Click the Cost Recovery Worksheet tab.
4 Under Cost Recovery, enter the rates at which you recover costs. These rates can differ from the rates displayed under Actual Cost.
5 Under Hourly/Mileage Rental Rate, enter the hourly or per mile billing rates.
6 Under Daily Rental, enter the billing rates per day.
7 Under Weekly Rental, enter the billing rates per week.
8 Under Monthly Rental, enter the billing rates per month.
9 On the File menu, click Save.

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More resources

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