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Equipment Cost Calculations

When Equipment entries are added, the cost is added to the Task’s Equipment and Total Costs, and along with Work Order, if the Task is associated with a Work Order. If the task is associated with an asset, the Equipment Cost is added to the asset’s total cost.

If Equipment log entries are removed, the cost is deducted from the Task’s total and the Work Order’s total, if it exists. If the task is associated with an asset, the Equipment Cost is deducted from the asset’s total cost.

Enter equipment usage in the Equipment log to calculate the cost.

The formula is:

Usage*Rate=Cost

Select a rate as $/mi, $/km, or $/hr, and enter the Usage using the same unit.

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