Recurring billing for equipment rental businesses

The problem

Rental businesses bill the same customers repeatedly for equipment on monthly terms, and overdue rentals tie up expensive assets.

The solution

Treat each rental agreement as a subscription with a monthly price, generate invoices automatically and see overdue accounts in one list.

How Knock fits

• Monthly rental plans per equipment type.
• Quotes for new rental agreements.
• Recurring invoices with GST.
• Overdue tracking to recover equipment or payment faster.
• A portal for customers to download past invoices.

A typical workflow

1. Create products for your equipment categories.
2. Quote the rental terms.
3. Start the subscription on delivery.
4. Invoices go out each month.
5. Cancel the subscription when the equipment is returned.

FAQ