Prerequisites
Before you complete the tasks in this section:
Set up items in the Item Master program (P4101), and in the Item Branch Plant program (P41026).
Set up the items in the Rental Item Details program (P54R41) to specify that the items are for rent. This is required for billing method 1 (recurring contract billing), but not required for billing method 2 (one-off contract billing) and 3 (one-off sales order billing).
Verify that the line type that you want to use to process related orders exist in the Line Type and Action Association Header table (F54R03).
For serialized items:
Set up serial numbers in the Item locations program (P41024). Note down the serial numbers.
(Optional) Create asset records of items in the Work With Assets program (P1204). In the Asset Master Revisions form, enter the related item number in the Inventory Number field, and the serial number in the Serial Number field.
(Optional) Create equipment records of assets in the Equipment Rates program (P1301).
Specify a status in the Status after Contract Line Cancel processing option of the Work Order Revisions program (P17714) that the system assigns to related work orders when you cancel a rental contract detail line.
Set up the billing frequency code that you want to use to bill the rental contract. You use the Billing Frequency Code program (P15019) to set up billing frequency codes.
Set up the base unit price for the item in the Unit Price field Base Price Revisions form (P4106). This is the price that the system charges for one unit of the item.
Set up XR document type in the Document Type UDC table (00/DT).
Set up status flow of the XR document type in the Order Activity Rules program (P40204).
Set up the XR document type in the Document Type Maintenance program (P40040). Specify a value of 4 (Rental Contract) in the Contract Type field on the S/WM tab.