Insuring Equipment
  • 11 Mar 2024
  • 1 Minute to read

Insuring Equipment


Article Summary

While equipment aren't directly charged when they are assigned to customers, you can use plan deposits to cover the replacement or repair of damaged and missing items.

Example
You offer fully furnished offices through a Full Office plan. You can use equipment to keep track of the furniture in each office and leverage plan deposits to cover any potential damage/losses at the end of each contract.

Let's say the total value of all the equipment in each office is $2,000, you simply need to add a refundable deposit worth $2,000 to your Full Office plan.

When a customer signs up to this plan and moves into their new office, you can assign the furniture to them as equipment. At the end of their contract, you can simply refund their deposit according to the condition of the equipment. You should also define the Assigned until date of each piece of equipment to the current date to let you assign them to the next customer signing a contract for the office.


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