Defining Rate Quantity (RQ) Identifiers

CAUTION:

RQIs exist to support calculations performed by rate components. This means that you must design your rate components before you can design your rate quantity identifiers. We strongly recommend that you design "on paper" how every rate's rate component looks before you attempt to set up your RQIs.

Note:

If you create an RQI, you must also have a corresponding RQ Rule to calculate the amount of the RQI to be charged by the rate. If not, it is impossible for the system to generate a bill line for the RQI because there will be no quantity associated with the RQI.

To define rate quantity identifiers, open Admin Menu > Rate Quantity Identifier .

Description of Page

Enter a unique Rate Qty. Identifier and Description for every RQI.

Enter the appropriate number of Decimal Positions for each RQI. The rate application process uses this information to round the calculated rate quantity prior to applying appropriate rate components.

Where Used

An RQ Rule may use an RQ Identifier to describe what it generates. Refer to Setting Up Rate Quantity (RQ) Rules for more information.

A Rate Quantity Rate Component may use an RQ Identifier to describe what it is charging. In this situation, the rate must contain an RQ Rule that generates a quantity for this RQI; otherwise there will be a charge without a rate quantity. Refer to Rate Component - Main Information for more information.