Equipment Lease Rental Plans
Here equipment is leased and the monthly fee will normally increase over the years to cover the increased cost of maintaining the equipment.
WS enables the payments to be quickly defined and any amendments made later are fully validated to ensure the overall income is maintained.
Quite often there will be an initial payment (say 3) then so many monthly payments increasing normally every year. Because of the pre-payment, the billing and payments may finish before the end of the contract and the availability of the equipment for other contracts.
The equipment’s details can be defined along with each serial number. An end of lease residual value can also be defined.
