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Equipment Rental Industry

Equipment rental companies are very complicated businesses and have very specialized bookkeeping needs. Scott knows this first hand, having spent years working in this industry running the largest equipment rental business in his state.  

Every aspect of bookkeeping comes into play in an equipment rental business.  You have multiple customer types (walk-ins, regulars, billable accounts, etc.) and multiple streams of revenue (retails sales, rental income, forfeits of deposits, sales of assets, and others).  There are multiple forms of payments (cash, checks, credit/debit cards) as well as deposits, refunds of deposits, and damage waivers. There’s also saleable and rental inventory (assets) to track.  You deal with equipment reservations, cancellations, and no shows.  And you have different classes of employees, with different workman’s comp rates.

Tracking all of these moving parts requires someone with advanced bookkeeping skills.  Yet, it’s likely that you don’t need a full-time, on-site bookkeeper. That’s where Bespoke Bookkeeping can help fill the gap as your outsourced accounting department with our customized bookkeeping services, tailored to fit you and your rental business.  

Detailed and customized reports are especially important in this industry.  Not only will we create customized reports to track what you need to have measured, we will also collaborate with you to demystify those reports and present the information to you in the form you need to get a really good sense of what all those numbers mean to your business.

Bookkeeping for Equipment Rental Companies

Your business is very complex and very specialized.  Bespoke Bookkeeping has the skill, experience and expertise to handle all of your bookkeeping needs. Click HERE to schedule a day and time to chat with Scott.  He loves to talk shop about the equipment rental business.  You might even get around to talking about bookkeeping, eventually!  The only thing it will cost you is 30 minutes of your time.

  • Full-service bookkeeping services for equipment rental companies
  • Fixed asset accounting
  • Outsourced bookkeeping
  • Job estimating and costing
  • Set-Up and support for QuickBooks™
  • Sales tax processing
  • Month-end closings
  • Cash balance tracking
  • Bank reconciliations
  • General ledger maintenance
  • Operational reviews
  • Set-Up • Clean-Up • Catch-Up • Keep-Up™ your QuickBooks account