The following points describe steps you'll follow to set up a rate.
Create a rate schedule for the rate. Refer to Setting Up A Rate Schedule for more information.
Set up a rate version to establish the earliest effective date of the rate. Refer to Defining Rate Versions for more information. We recommend that you set the status of the rate version to In Progress while you're working on the rate.
Set up rate components to define the rate version's calculation rules. Refer to Defining Rate Components and Rate Version Merge for more information.
After all rate components have been setup, return to Rate Version - Main and change the rate version's status to Validated. At this point, you can use Rate Check to test the rate version.
After you have checked the rate, return to the Rate Version - Main and change the status to Finished. This allows the rate to be used by billing.
Define the various obligation types that can use the rate. You do this by referencing the rate on Obligation Type - Rate.
Copyright © 2011, Oracle and/or its affiliates. All rights reserved.