Rates/Prices

In HirePOS, setting rates, prices, and selling units is crucial for managing your inventory and charges effectively. This comprehensive guide will walk you through the process of adding rates/prices, configuring selling units, and utilizing features like Bonds, Auto Add items, and Percent Based Charges.

Rates/Prices are essential for each selling unit in your system. To add rates/prices:

• Go to the Items setup screen and click the Rates/Prices tab.

• In the Rates/Prices grid, select a unit (e.g., Day) and enter the Sell Ex or Sell Inc price.

• Choose the Tax code if needed and click Save Changes.

HirePOS allows you to set default unit prices against inventory and chargeable items. Selling units can be time-based or non-time-based, aiding in auto calculating Qty/Units based on the hire period.

To configure selling units:

• Go to Setup > Item Related > Selling Units.

• Edit existing units or create new ones by entering Unit Description, Time Span, and Interval.

Unit Groups provide advanced functionality for the Autocalc feature. You can create pricing groups and specify unit groups for auto calculations.

AutoCalc feature recalculates Booking/Invoice quantities based on the hire period. You can switch Autocalc on/off and choose options like Recalculate Prices or Qty/Units.

Bonds are security payments above the hire charge. Learn how to set up Bonds, preview bookings, handle payments, and refund bonds efficiently.

Damage Waiver items waive compensation for damaged/stolen equipment. Configure Damage Waiver items, set percentage calculations, and exempt customers/items from the waiver.

By following these steps, you can effectively manage rates, prices, selling units, bonds, and damage waivers in HirePOS to streamline your rental business operations.