How do returns reduce the rent I bill

Name: Arkon One: How do returns reduce the rent I bill
Duration: 52 s
Description: How do returns reduce the rent I bill. Rent is calculated from Completed tickets, so returns reduce it automatically; there is nothing to enter in Billing.

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How do returns reduce the rent I bill. Rent is calculated from Completed tickets, so returns reduce it automatically; there is nothing to enter in Billing.

The steps, written out

Create the Return ticket in Shipments and complete it with the quantities actually counted back.
Rent for those items stops on the return date (the return day itself is not charged).
In arrears: the cycle's invoice simply bills fewer days for those quantities.
In advance: the cycle was already billed in full, so when it closes an Adjustment line credits the unused days. If everything is returned, that settlement is made on the next nightly run instead of waiting for the cycle to end, and the agreement becomes Off Hire.

Tip

If an early return falls short of the Minimum hire, a Minimum hire line tops it up.

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