Company Alternate Waiver Settings


System Maintenance Menu -> Configure System Settings -> System -> Company & Divisions -> Company Parameters -> Contract Parameters -> Alternate DW Calculation Type -> Company Alternate Waiver Settings

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.

The tunable company default parameters for Alternate DW Calculation Type that apply when there are no over-riding customer or division settings, include:

DAMAGE WAIVER %
Enter the percent rate for Waiver Type 1 to be used as the company default when no waiver rate is defined for DW1 for the customer or division on the document.

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.


DAMAGE WAIVER 2 %
Enter the percent rate for Waiver Type 2 to be used as the company default when no waiver rate is defined for DW2 for the customer or division on the document.

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.


TAX 1 DAMAGE WAIVER
Check this box if the calculated waiver charge on the document should be charged Tax 1.
Uncheck this box if the waiver charge is Tax 1 exempt.

TAX 2 DAMAGE WAIVER
Check this box if the calculated waiver charge on the document should be charged Tax 2.
Uncheck this box if the waiver charge is Tax 2 exempt.

GROSS RENTAL BASE CALCULATION LIMIT $
This value is used to determine the appropriate value for each rental product on the document, on which to base the Damage Waiver.

The Gross Rental Base Calculation Limit $ amount is used in determining the product DW base, if:

Note: This Gross Rental Base Calculation Limit $ field does NOT apply if the Damage Waiver method for the customer is set to NET in the Customer Damage Waiver Settings.

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 for the product on the document detail is greater or equal to this Gross base value, then it is the extended rental value that is used in the calculation multiplied by the rate determined by the DW type from the Group, that is then added to the total document Damage Waiver charge.
  • 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.


Finished?
Click OK to accept the settings and exit the Damage Waiver Parameters window.

Topic Keyword: GLCN90D (5003)
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