If you need to allocate your equipment costs to jobs, keep track of repair costs, earned income or equipment maintenance, the Equipment Management option can take care of it all! You can categorize equipment by type, and provide hourly, daily, weekly or monthly rates for time and materials billing purposes.

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Calculating accurate cost recovery rates is simple when you use the Cost Recovery calculation tool. Just fill in the ownership and operating costs — Intuit Master Builder 7 calculates the operated, idle, and standby rates for you. You can enter equipment time into payroll, including repair of equipment by your employees and use of equipment to service other equipment.

You can keep your costs up-to-date by tracking rental or hired equipment on jobs with the Equipment Management option. Then enter them in the Daily Payroll or the Equipment Allocation window. You won’t be over billed by the equipment supplier, and your job costs will be up-to-date at the end of every day.

When it comes time to make your lease or equipment payments, Intuit Master Builder 7 will create checks for you and automatically keep track of the remaining balance on your loans. The special locator function will even show you where the equipment was last used without having to run a report.