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      Odoo Rental Sale Management

      Odoo Rental Sale Management: Whether its Games, furniture, vehicles or homes; leasing is easier choice for working populace than buying. And the trend is swelling day-by-day. Odoo Rental Sale module is designed to keep up with the trend in Odoo. Adding the functionality to create Rental products and services in Odoo, it introduces the structure and flow to manage your Rental/leasing business in Odoo. The User can create appropriate rental schemes for various products/services with details such as security amount, tenures, etc. Then, rental product contracts can be drawn in Odoo for customers from their respective rental orders, which can be renewed with a click upon expiration.

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      Odoo Rental Sale ManagementRental products and services are becoming ubiquitous with contemporary demographics because they offer a frivolous choice of using the products without the precedent of buying them.

      It provides the ease of obtaining the products on rent and using them for the specified time period.

      If you are starting a rental products and services business, Odoo rental Sale module is the perfect solution to manage your resources and orders in Odoo.

      Bringing Rental product management in Odoo, the module scrupulously creates a separate space to In Odoo manages rental products, rental orders, and rental contracts.

      Manage rental product categories, UoM(s), rental agreements in a separate Rental Sale menu.

      The rental tenure can be set to predefined Standard Tenure or Custom Tenure.

      Odoo Rental Sale Management Features

       Run Rental/leasing business in Odoo

      • Create rental products and services in Odoo.
      • Set security amounts for renting products.
      • Manage Rental Contracts with Orders for customers.
      • Renew rental contracts upon expiration

       Choose Your Rent calculation type

      • Two types of rent calculation on selected tenure.
      • The Simple calculation based on pro-rata.
      • Dynamic Calculation

       Manage product delivery and return

      • Two separate deliveries are created for one rental order.
      • Outgoing for delivery of the rental product.
      • Incoming for processing return of the product.

       Types of Rental product Tenure

      • Choose between two types of tenures - Standard or Custom
      • Standard tenure for allowing predefined tenures only.
      • Custom tenure to choose any preferable tenure.

       Create Rental Product Category

      • Manage Separate Rental product categories in Odoo.
      • assign apt categories for different product and services.

       Create Rental Agreements

      • Create Unique Rental agreements for different product types.
      • Attach rental agreements to each product for customers.

       Create Suitable UOMs

      • Define custom UoMs for different rental products.
      • UoMs can be set to hours, days, months, etc.

       Manage Rental Invoices In Odoo

      • Sketch and manage Rental Invoices for Rental orders.

       

      Types of Tenures

      • There are two types of tenure that can be defined for a rental product - STANDARD & CUSTOM
      • If standard Tenure is set for the product, the customer can only select from the options provided for the product.
      • For custom tenure, the customer can select any applicable desired tenure for the product.
      • The total rent cost is computed on the basis of calculation type selected in Odoo.

      Different Rent Calculations Types

      The module offers two types of rent calculation matrices. The user can set any one of the following for calculating rent on rental products for the specified tenure.

       Simple Rent Calculation

      • In this, the total rent for the tenure is calculated by multiplying the rent for one unit by the total tenure.
      • For example: If the rental product is charged @ $5 for one day and total tenure selected is 7 days. Then, the total rent simply becomes 5x7 = $35

      Dynamic Calculation

      • This method breaks down the entire tenure in various segments and then calculate the tenure for each segment separately.
        - Say, The Rent for one day is $5.
        - Discounted Charges for renting for 4 days straight are $18.
        - Discounted Charges for renting for 7 days are $30.

      • Now if the customer books for 13 days, the system first finds the rent corresponding to the longest period slab that fist in the mentioned tenure, then the next longest tenure and so on.

      • Total Rent = (Rent for 7 days slab= $30   +   Rent for 4 days slab= $18   +   Rent for 2 days = 2 x $5)

        Therefore, the total rent charged = $58

      Dedicated Support For Your Odoo Rental Sale Management Module

      Webkul's dedicated support provides you with the customizations and troubleshooting solutions for your Odoo Rental Sale Management module.

      For any query or issue please CREATE A TICKET HERE

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