In version 24, we have introduced new options for determining the Time Period Type of a rental asset. You can now choose between Full Days, 24-Hour Periods, Overnight Stays, and Months.
A brand new Number of Periods value is automatically calculated based on the Start and End dates and the selected time period type for the rental asset. It reveals the total Full Days, 24-Hour Periods, Overnight Stays, or Months for which the asset will be leased. This calculation is applied to the lease contract lines and the lines of some transaction protocols.
Additionally, once the Number of Periods value is calculated, it also determines the value of the Quantity field in the sales order accounting for the rent.
These updates aim to provide greater flexibility and precision in managing rental periods, ensuring you can tailor the system to your business needs.
For more information on each Time Period Type and how the Number of Periods field works in relation to it, please see our technical guide.
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