Doubt regarding rental of items

Hi Experts ,

I got a confusing situation in navision . the problem is my client has some materials which he gives them for rent . so he will charge some money for that. After some days he will get those materials back to the inventory . so my doubt is what is the procedure to map this scenario in navision .

Whether to create the location and transfer the inventory or billing the customer for giving service . but my client wants to see the inventory location even if it is sent for rent . please throw me some idea to map this scenario

Why an item? Why not resources?

If it is an item and should not be available you would need to transfer it - however selling against it for renatl revnue may create an interesting margin picture. It really depends upon the controls and reporting requirements the customer wants.

We ended up developing a completely custom module for this. Transferred the inventory to a virtual location code, integrated it with revaluation journals to depreciate it, etc.

Manually I suppose you could do a transfer order and then do a sales invoice to charge for it.

Trouble is with invoicing is you then have to restock your item to sell again - or suffer the vagaries of negative inventory costing!

if you’re renting it, it is no longer inventory. It should be treated as a fixed asset with proper depreciation.