Q: I own a DIY landscape company. I rents some equipment such as trucks, Bob Cats, etc. What is the best way to track the rental for my equipment?
A: My recommendation would be to:
a. Use non-inventory items for the equipment
b. Set up each type of equipment in Other Names
c. Use timesheets to track the rental of equipment
d. Mark the entries on the timesheet as billable
e. Create an invoice for billable expenses