Tools overview

When managing tools, you need to have an understanding of tool statuses and rotating tools.

Tool statuses
You can manage a tool's status for all related records. A set of inheritance rules is used to apply status changes from a higher level to a lower level.
Rotating tools
A rotating tool is an individual serialized asset, such as a nail gun or back hoe, that is defined by a common tool number. You mark a tool as rotating because it shares the same properties as an asset and you want to track each instance of that tool as an asset to monitor maintenance costs, downtime, etc.
Tax-exempt status
The tax-exempt option indicates whether an item, a tool, or a service is taxable. You might want to set the tax-exempt status, depending on where an item or a service is acquired, and how an item or a service is used.

Parent topic: Tools

Related tasks

Working with tools