The parameters in this window only apply when the Alternate
DW Calculation has been activated in the Company Contract Parameters, which requires the
Standard Tax method to be set in the Company Taxing Parameters.
This DW formula uses either a base value or uses the extended
rental charge on each product detail line, times one of two
different waiver percent rates defined by the product Group, to determine the DW amount to charge by
product on the document.
Two different percent rates can apply to the rentals on the same
document, depending on the product Group.
Note: Any other DW codes that are setup, and any tax
information, the 'Customer Over-ride' &'Type' fields setup in
the Waiver Codes are not used by this DW
method.
Instead, the Tax 1 and Tax 2 exemption flags on waiver charges can
be set at the customer, division, and company level in the
corresponding configure settings windows.
Document Amounts Eligible for DW Charges:
The amount
per product to be charged at the Alternate Damage Waiver rate,
depends on whether the amount of the rental or pre-discounted
rental amount exceeds a Gross base, and is calculated as either a
percent of the rental for the period, or percent of the Gross base
value as outlined in the Gross Rental Base Calculation Limit
$ below.
DW Rates:
Two possible Damage Waiver rates can be setup as DW1 and DW2 at the
customer, division and/or company level.
The DW1 rate, DW2 rate, or no DW, based on the Waiver Type
assigned to the rental product Group, is
then charged as a percent of the Waiver eligible amount for each
individual rental product on the document.
This formula allows a combination of customer and/or division
and/or company DW rates to apply.
e.g. If the DW1 for the customer is zero, but DW2 has a rate, then
the DW1 will default from the Division and DW2 from the
customer.
DW Exemptions:
DW reflected in Rate Book:
When the Alternate DW Calculation Type processing is
enabled, the Rate Book provides the option
to "Include Customer Damage Waiver" which respects DW for each
Customer, Group or Class depending on the customer's specific
configuration setup in the Customer Damage
Waiver Settings, instead of just the manually defined general
DW%.
The tunable company default parameters for Alternate DW Calculation Type that apply when there are no over-riding customer or division settings, include:
This is the DW rate that is displayed for Waiver Type
selection of DW1 in the Group, which
determines the waiver rate for the products in that Group.
The Group displays this Company default, though the Division or
Customer rate would over-ride it.
This is the DW rate that is displayed for Waiver Type
selection of DW2 in the Group, which
determines the waiver rate for the products in that Group.
The Group displays this Company default, though the Customer rate
would over-ride it.
There is no DW2 option at the Division level.
The Gross Rental Base Calculation Limit $ amount is used in determining the product DW base, if:
When the Gross calculation for each product detail line is based on the Gross Rental Base Calculation Limit $, it is applied as follows:
If the extended rental amount is less than this Gross base value but the pre-discounted amount is greater than the Gross base value, then it is the Gross base value that is used in the calculation.
If both the extended rental amount and the pre-discounted amount are less than this Gross base value, then it is the pre-discounted amount that is used in the calculation.
Note: If no value is entered for the Gross Rental Base Calculation Limit $ then $7,500 is used.
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