{"id":115433,"date":"2018-05-01T07:46:45","date_gmt":"2018-05-01T07:46:45","guid":{"rendered":"https:\/\/webkul.com\/blog\/?p=115433"},"modified":"2023-11-27T11:52:47","modified_gmt":"2023-11-27T11:52:47","slug":"odoo-rental-sale","status":"publish","type":"post","link":"https:\/\/webkul.com\/blog\/odoo-rental-sale\/","title":{"rendered":"User Guide for Odoo Rental Sale Management"},"content":{"rendered":"\n

INTRODUCTION<\/strong><\/h3>\n\n\n\n

Rent products on the website with Odoo Rental Management<\/a>!<\/em><\/strong><\/p>\n\n\n\n

Customers are rational and buy only those products which they find cost-efficient. But there is another customer group, which instead of buying prefers renting. <\/p>\n\n\n\n

Renting products is a very profitable alternative for a business as you can rent products to different customers for different periods.<\/p>\n\n\n\n

Further, when you rent products, you get the opportunity to earn multiple times the products\u2019 original cost, increasing your profit manifolds.<\/p>\n\n\n\n

But, how can you rent products on your Odoo eCommerce website?<\/p>\n\n\n\n

Odoo rental management is the module specially designed for this purpose. Odoo rental management module allows you to manage rental products. <\/p>\n\n\n\n

Further, you can create and manage rental tenure schemes, rental orders, rental contracts, incoming delivery, outgoing delivery, etc.<\/p>\n\n\n\n

FEATURES<\/strong><\/h3>\n\n\n\n
    \n
  1. Admin can create rental products in the backend.<\/li>\n\n\n\n
  2. Every rental product may have several rental tenure schemes with corresponding rent prices (like $20.00 for 15 days, $500.00 for 3 months, etc.)<\/li>\n\n\n\n
  3. Admin can manage various Rental UOM (like hours, Days, Months, Years, etc.)<\/li>\n\n\n\n
  4. Admin can add security amount functionality for each rental product.<\/li>\n\n\n\n
  5. Moreover, you can create a separate rental agreement for each rental product.<\/li>\n\n\n\n
  6. Create a Rental Tenure Type (can be Standard or Custom) for each rental product.<\/li>\n\n\n\n
  7. The rental category is available for each product.<\/li>\n\n\n\n
  8. In addition, create a rental contract for each rental order (or renewal order).<\/li>\n\n\n\n
  9. Separately manage incoming and outgoing stock delivery.<\/li>\n\n\n\n
  10. Manage various rental invoices (like rental contract invoices and security refund invoices)<\/li>\n\n\n\n
  11. Also, renew the expired rental contract with just a click.<\/li>\n\n\n\n
  12. Admin can create and save standard tenures for each product in Odoo.<\/li>\n\n\n\n
  13. The security amount is automatically added to the total of each sales order.<\/li>\n\n\n\n
  14. Further, the security amount is refundable on product return.<\/li>\n\n\n\n
  15. You can create separate rental agreements for various types of products.<\/li>\n<\/ol>\n\n\n\n

    INSTALLATION<\/strong><\/h3>\n\n\n\n
      \n
    1. Once you purchase the App from Webkul store, you will receive the link to download the zip file of the module.<\/li>\n\n\n\n
    2. Extract the file on your system after the download finishes. You will be able to see a folder named- \u2018odoo_sale_rental.\u2019<\/strong><\/li>\n\n\n\n
    3. Copy and paste this folder inside your Odoo apps<\/a> path.<\/li>\n\n\n\n
    4. Now, open the Odoo App and click on the Settings menu. Here, click on Activate the Developer Mode.<\/li>\n\n\n\n
    5. Then, open the Apps menu and click on \u2018Update Modules List.\u2019<\/strong><\/li>\n\n\n\n
    6. In the search bar, remove all the filters and search \u2018odoo_sale_rental.\u2019<\/strong><\/li>\n\n\n\n
    7. You will be able to see the module in the search result. Click on \u2018Install<\/strong>\u2019 to install it.<\/li>\n<\/ol>\n\n\n\n

      RENTAL RATE CALCULATION METHOD<\/strong><\/h3>\n\n\n\n

      There are two options in the rate calculation method.<\/p>\n\n\n\n

      1. SIMPLE CALCULATION: <\/strong><\/h4>\n\n\n\n

      In the simple calculation method, the rental amount is calculated based on the shortest rental tenure scheme.<\/p>\n\n\n\n

      For example:<\/strong> If the product has the following rental tenure scheme.<\/p>\n\n\n\n