This document outlines the two methods for applying a Damage Waiver percentage calculation line item when rolling an invoice. Understanding these methods is essential for accurate billing and ensuring compliance with the terms of the hire agreement. For general setting up of a Damage Waiver item that automatically calculates the charge based on a % of hire charges, see the guide: https://docs.hirepos.com/en/articles/2305857

In the Fixed Charge method, the Damage Waiver is applied to the first invoice based on the initial hire period. It is important to note the following:

• Do not set the Damage Waiver item up with the "EOM RollOver Item" option checked in the "Configuration" section of the item setup.

• The Damage Waiver item will only appear on the first invoice and will not roll over to subsequent invoices.

• The percentage calculation is applied to the first invoice, which will be marked as "On Hire," with the percentage calculated based on the full hire period.

The Variable Charge method involves applying and recalculating the Damage Waiver for each invoice as amounts adjust. Key points to consider include:

• The "EOM RollOver Item" option must be checked in the "Configuration" section of the item setup.

• The Damage Waiver percentage calculation item will roll over to subsequent invoices and will be recalculated on a per-invoice basis.

By understanding and implementing these methods correctly, you can ensure accurate invoicing and compliance with the terms of the hire agreement.