Rate Schedule

You start the rate definition process by selecting Main Menu, Rates, Rate Schedule. On this window you enter general information about the rate.

Description of Page

Enter a unique Rate Schedule ID to identify the rate. The value that you supply will typically correspond with the identity of the rate in your rate book.

Enter a Description for the rate schedule.

Select the Tax Type that describes the type of tax associated with this rate. When you maintain an existing rate schedule, this field will be gray if the rate is referenced on at least one obligation type. See Setting Up Tax Types for more information.

Select a Frequency to define the time period in which the rate's charges are expressed. See Defining Frequency Codes for more information.

Select a Currency Code to define the currency in which the rate's charges are expressed. See Defining Currency Codes for more information.

Note:

Currency note. All rate factors that are referenced on the rate's rate components must be denominated in the same currency as defined on the rate schedule. This is because rate factors are used when the charge is "soft" and all charges in a rate, be they hard or soft, must be in the same currency. Also note - all rates referenced on an account's obligations must be denominated in the same currency as defined on the account.

Turn on Allow RVs Proration if a change in the Rate Version during a bill period should be prorated. If changes should not be prorated, indicate the RV Selection Date to use when the system determines which rate version to use; available options are:

*Accounting Date*	The rate version effective on the bill's accounting date will be used.
*Bill End Date*	The rate version effective on the bill's end date will be used.
*Bill Start Date*	The rate version effective on the bill's start date will be used.

Rate Schedule Tree

The right half of this page is dedicated to a tree that shows the rate schedule's RQ Rules and Rate Versions. You can use this tree to view high-level information about these objects. You may also transfer to a given rate version by selecting that rate version.

Note:

The duplicate action in the action button bar enables you to copy another rate schedule and optionally, its rate versions. Refer to Duplicate Button in the system wide standards document for more information.

Rate Schedule - Main