Benefits of This Feature
Improved financial tracking of asset maintenance.
More accurate ROI calculations.
Better decision-making for asset lifecycle management.
Step by step
Step 1: Access the Item Record
Navigate to the Products and Services section.
Unavailable items
Create unavailable items/ edit an existing one
Step 2: Add a Cost Entry
Once you are on the items page, it will present you with the option to click pricing.
Enter the monetary value of the service or repair performed.
This could include labor, parts, or third-party service fees.
Step 3: Save the Changes
After entering the cost, click Save or Update to record the information.
The item will retain this cost data as part of its service history.
Step 4: Review ROI Reports
Go to the Reports section in OnRent.
Open the Return on Investment (ROI) report.
You can now view:
Group-level ROI: Aggregated costs across similar items.
Serialised item-level ROI: Specific cost impact on individual items.
Step 5: Analyse and Optimise
Use the ROI data to:
Identify high-maintenance items.
Make informed decisions about repairs vs. replacements.
Track long-term profitability of assets.