Complete the fields on this screen.
Select Equipment Inventory Menu >> File Update >> Equipment Status
Press or click on F2 to display and existing statuses. This by default will be lower case for you entry as Basic had reserved upper case letter for controlled statuses such as S for Sold, P for Pending sale. These will be displayed in the sale flag field on the equipment lookup screen as well as the status field on the equipment master record.
This option allows you to define various status codes you can assign to the equipment such as on loan, demo, etc. There is an option that allows you to require the sales information such as a name for the customer account. When a status is used that requires sales information, and if the customer account has not yet been added, you can now type in the customer name field.