EOM Rollover & Damage Waivers
When using EOM Rollover or Scheduled Billing, you can configure Damage Waiver to be charged once on the original invoice or recalculated for each billing period.
For both methods, the Damage Waiver should be set up as a non-hire, Non Stock percentage-calculation item.
Fixed Charge: First Invoice Only
Use this method when Damage Waiver is charged once, based on the initial agreed hire period.
Go to Setup > Items and open the Damage Waiver item.
Expand Configuration.
Leave EOM RollOver Item unchecked.
Click Save Changes.
The Damage Waiver is calculated on the original invoice but is not carried forward to subsequent invoices.
Variable Charge: Each Billing Period
Use this method when Damage Waiver should be based on the hire charges for each billing period.
Go to Setup > Items and open the Damage Waiver item.
Expand Configuration.
Check EOM RollOver Item.
Click Save Changes.
For recurring Damage Waiver calculations, use the following percentage settings:
Setting | Recommended option |
|---|---|
Item Type | Non-hire, such as Misc |
Non Stock | Checked |
Calculation basis | % of all Hire items |
Price basis | % of Discounted Price |
EOM RollOver Item | Checked |
With this setup, the Damage Waiver item carries forward to the next invoice and is recalculated using that billing period's hire charges.
Use one percentage-calculation item for ongoing EOM/Scheduled Billing calculations. If you need multiple recurring percentage-based charges, contact HirePOS Support for advice on the appropriate setup.
Important Considerations
Auto Add Item (As Last Item) controls whether the Damage Waiver is automatically added to new sales records. EOM RollOver Item controls whether the existing non-hire Damage Waiver line carries forward during rollover.
Customer Damage Waiver Exempt settings prevent the configured Damage Waiver from being automatically added to new sales records. They do not remove an existing Damage Waiver from a rollover chain.
For recurring Damage Waiver calculations, % of all Hire items is recommended rather than % of previous line item.
For initial setup instructions, see Damage Waiver Items (% calculation).