Skip to content
  • There are no suggestions because the search field is empty.

About Service, Rental, and Financials (Classic)

An overview of Service, Rental, and Financials (Classic).

In This Article

Introduction

Service, Rental, and Financials (Classic) is a business management software application designed to handle all financial and logistical aspects of your equipment rental and service operation.

Cross-Application Functionality

Service, Rental, and Financials (Classic) is an integral part of the Service, Rental, and Financials ecosystem. It works closely with other applications, including:

Accounting

Using Financials for your business' accounting operations adds value to your operation:

  • It is built specifically for the equipment rental and service industry.
  • It is made for users with no prior accounting background.
  • It provides a single source of accounting truth for your business records by eliminating duplicate data entry, or cross-referencing multiple systems. 80-90% of Financials customers only use the built-in accounting for this reason.
  • It ties all financial records to your daily operations, providing you with powerful reporting capabilities not found in generic external accounting systems.
  • It provides the ability to financially track an asset from the point of vendor purchase through to depreciation and disposal.
  • It has safeguards in place to ensure that your financial records are clean and up-to-date. For example, transactions cannot be deleted once posted to the General Ledger. It also prevents duplicate financial journal entries.
  • It provides built-in utilities that help find useful financial discrepancies that may occur between your accounts receivable and accounts payable records.
  • It works as a business intelligence function by linking financials to assets, enabling you to determine which assets are valuable and which are costing you money.
  • It enables you to depreciate assets and automatically post the information to your General Ledger without the need for duplicate data entry.
  • At the end of the year, all financial statements can be produced from Financials and
    sent to an accounting professional for analysis, enabling you to focus on running your business.
  • It features the ability to create journal entries for repeat expenses, and uses a powerful Asset Financing Information feature that tracks payment dates with the principal and interest amount and generates postings to the General Ledger by the due date.
  • It enables you to perform bulk billing and cycle billing,  which means invoices to customers can be emailed automatically.