Setting Up Rate Factors

This section describes rate factors and how they are used to levy the many charges referenced in a rate.

CAUTION:
Rate factors were implemented in older technology and are not the recommended option for new implementations. The factor objects should be considered instead.
CAUTION:
Any references in this section to “billing” are referring to the classic billing functionality. This is not the recommended billing functionality for any new implementations. Rate factors are not used by the billing functionality.
CAUTION:
Any references in this chapter to “location” are referring to legacy address functionality. Rate factor functionality does not support centralized address definitions for taxpayer location.
CAUTION:
Most rate factors exist to support calculations performed by rate components. This means that you must design your rate components before you can design your rate factors. We strongly recommend that you design "on paper" how every rate's rate components looks before you attempt to set up rate factors.