Extended Warranty Data Fields

Extended Warranty contracts are service contracts.

If the contract default was set up to ask for the Student name and School the student attends, the Student and School boxes will be available. If this option was not selected on the contract default, the Student and School boxes will not appear on the Details tab. Refer to 'Rental Defaults' for more information.

Student

The name of the student (if applicable) who has the service contract.

School

The name of the school the student attends, if applicable. You may click in the School box and select the school from the drop down list. The schools are maintained in 'Add/Change Schools' on the Rental Maintenance menu. For more information, refer to 'Schools' .

Note: Whether tax is broken out of the amounts entered on the contract or calculated on the amounts entered is determined by the option 'Amounts Entered in the Rental Program Include Tax'. This option can be found on the Miscellaneous tab in Workstations on the General Maintenance menu. If this option is selected, the tax will be broken out of the amount entered. If this option is not selected, the tax will be calculated on the amount entered. Refer to 'Workstations' for more information.

Payment

The monthly payment amount for the service contract.

If Maintenance is taxable in your state, the tax portion of the payment amount will appear in bold next to the Payment box.

Down Payment

If the customer is making a down payment at the time of contract issue, enter the amount in the Down Payment box. The tax portion of the down payment will appear in bold next to the DownPay box.

Contract Date

The Contract Date will default to the system date of the workstation. If the contract was issued on a date other than the system date, change the Contract Date as necessary.

Down Pay Rcvd

The Down Payment Received Date will default to the Contract Date. If the down payment was received on a date other than the contract date, click in the DownPayRcvd box and change the date as necessary.

1st Pay Due

The First Payment Due Date will default to the Contract Date + Payment Frequency established on the contract default. If the payment frequency was set to monthly, the first payment due date will automatically appear as one month past the contract date. The day within the first payment due date determines the day of the month all subsequent payments are due.

Example: If all contract payments are due on the 15th of the month, you want to be certain the day within the first payment due date is 15.