Open to enter the parameters required to check a rate.
Description of Page
Easiest way to use rate check. The easiest way to populate the above parameters is to select an existing bill segment on Bill Segment - Calc Lines and then use the rate schedule context menu to navigate to this transaction. When you do this, the system populates the above fields from the values on the bill segment. After these fields are populated, you can override the defaulted values to check various scenarios.
Indicate the Rate Schedule that you want to test. The version(s) used will be those in effect during the start and end dates. Only validated and finished rate versions will be used.
Default note. If Rate Schedule is blank and you enter an Obligation ID, the obligation's current rate will be defaulted.
While using an Obligation ID is not strictly required to check a rate, we strongly recommend finding a representative obligation to check a rate. Why? Because charges in a rate may be affected by values in an obligation. For example, consider the following types of rate components that use obligation-specific values:
Rate components with rate factors that are subject to the presence of contract riders. In fact, if a rate factor requires a contract rider and you do not specify an Obligation ID, rate check assumes that the rider is applicable.
Rate components with rate factors that are subject to tax exemptions.
Rate components with rate factors with taxpayer-specific charges.
Rate components with rate quantity (RQ) rules that use characteristics on obligation, account or the obligation's characteristic location.
Rate components with RQ rules that use contract quantities.
In other words, if you don't specify an Obligation ID, you will not be able to check rates with the above characteristics.
Enter a Bill Seg ID if you want to test the rate with actual quantities for a given bill segment. This is useful if you want to compare the actual bill segment results with the results of the same calculation values under a different rate schedule. If you indicate a Bill Seg ID, rate check's Obligation ID will be populated with the bill segment's obligation ID (and Obligation ID will be protected).
Overriding quantities. If you enter a Bill Seg ID, the bill segment's quantities will be defaulted into the array that follows. You may override the quantities in this array to test various scenarios.
You must indicate a Revenue Class. This is needed for applying the appropriate GL distribution code for rate components where the GL account is based on the taxpayer's revenue class.
Enter the Start Date and End Date that you are testing. If a Bill Seg ID is entered, the start and end dates are taken from the bill segment's period, but can be overwritten.
Indicate the Accounting Date. If a Bill Seg ID is entered, the accounting date on the bill segment is used but can be overwritten.
Enter the quantities that you want to test in the quantity collection. For every UOM/ TOD/ RQI combination, enter a quantity.
The collection of Characteristic Types and Characteristic Values is used to apply the appropriate rate factor values. If these values are entered, these values will be used to apply the appropriate rate factors (even if you have specified an obligation from which characteristics can be derived). If these values are blank AND there is no obligation ID, then you will receive an error from the rate application indicating which values are needed.
Indicate the Bill Language to use for the resulting bill calc line descriptions.
When you have entered everything, click on the Check Rate button. This will cause your rate to be applied to the parameters entered above. If the system is successful, you will be transferred to the Calc Lines page on which the resulting calculation details can be viewed.
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