Defaults

Equipment Rate Code

Enter a value from UDC 00/RC (Equipment Billing Rate Codes) that indicates a billing rate, such as DY for daily, MO for monthly, and WK for weekly.

You can set up multiple billing rates for a piece of equipment. If you leave this field blank, the system searches for a valid billing rate in this sequence:

  1. Account Ledger Master (F0901).

    This table contains the most detailed rate information. You can assign multiple rates for a job. For example, you can set up separate rates for different equipment working conditions.

  2. Job or Business Unit Master (F0006).

    This table contains less detailed rate information than the Account Ledger Master. You can set up only a single rate for a job based on this table.

  3. Rental Rules (F1302).

    This table contains the least detailed rate code information. The system searches this table according to the criteria that you establish when setting up the table.

Rental Threshold

Enter the threshold amount that determines whether a piece of equipment is rented to the job or sold to the job.

If the replacement value for a piece of equipment is less than the rental threshold, it is sold to the job. If the replacement value for a piece of equipment is greater than the rental threshold, it is rented to the job.

Prorate Billing (Release 9.2 Update)

Enter a value to specify whether billings are calculated on a hierarchical basis, or are prorated on a monthly basis.

For the hierarchical basis, the Location Billing program (R1304) calculates billing using the rate code that is lower in hierarchy to the rate code associated with the job. The hierarchical order from the lowest is hourly, daily, weekly, and monthly rate. For example, if you bill a piece of equipment to a job using a weekly rate but use that equipment only for three days, you can use the daily rate code associated with that weekly rate code.

For the prorated basis, the system calculates the billing using the ratio of the number of days that the equipment is used to the total number of working days in the month. For example, if there are 20 working days in the month and you use a piece of equipment for five days, the system charges 25% of the monthly rate.

If you do not specify proration, the system uses monthly, weekly, daily, or hourly rate codes to determine the billing amount. Values are:

Y: Prorate the monthly rate. You must define the equipment rate code as monthly (applicable to both history and current location records).

N: Use the hierarchical basis until the monthly rate is reached (hierarchy is applied only for the history location record. For current location, the system generates the billing record only when the billing period is equal to or greater than one month. The system then uses the monthly rate and prorates of the monthly rate).

H: Use hierarchical basis always (applicable only to the history location record).

Buyback Percent

Enter the percentage of the replacement cost at which the equipment is bought back from a job to which it was sold.

The equipment is bought back when transferred off a job.

Bill Weekends (Y/N) [bill weekends (yes/no)]

Enter either Yes or No to indicate whether weekends are billable days or nonbillable days for a specific location.

Billing Date

Enter the date that determines which rate table to use when calculating billing.

For example, if the rates for a table have changed, but you do not want a particular asset charged the new rates, you can enter a date in the billing date field, and that date will be used to locate another rate table. Use this field if you want to specify a special rate table for the entire duration of a job.

Beginning Time

Enter the standard beginning hour for the work day.

For instance, in office work, the standard beginning hour would be 8:00 a.m. for a standard 8:00 a.m. to 5:00 p.m. day.

Ending Time

Enter the standard ending hour for the work day.

For instance, in office work, the standard ending hour would be 5:00 p.m. for a standard 8:00 a.m. to 5:00 p.m. day.