Deposits

In HirePOS, a "Deposit" means a required partial payment of the Invoice/booking to secure the Hire.

By default, this is not a requirement, but it's possible to set a Deposit Due Date and default Deposit values for your Hires, either percentage based, or a flat value.

Deposit Due dates can be tracked via the Deposit Due field in the Other tab on the Sales Record Screen. 

If no deposit or payment has been made by the Deposit Due Date then the booking will show on the Reminders List on the main page as an 'Overdue Deposit'. 

They are also listed in Reports > Payments > Deposits Due by Date.

The Deposit Due date can be automatically set for all new Bookings and Invoices (not Quotes) via Setup > Preferences > Bonds & Deposits. 

"Deposit due days" Refers to how many days the customer has to pay, before they are considered an "Overdue Deposit"

Changing this setting will not have an immediate effect on all bookings in your system, but rather will affect new bookings moving forward. Be sure to make any manual changes to existing bookings as required.