Setting Up Equipment Rates

Select Equipment Billing Setup (G1343), Equipment Rates.

To set up equipment rates, access the Equipment Rates form and then:

1. On the Work with Equipment Rates form, click Add.

2. On the Equipment Rates Revision form, complete the Rate Table field to set up an equipment rate table.

3. To further define the table, complete these optional fields:

   • Rate Group

   • Start Effective Date

   • Ending Effective Date

   • Equipment Number

4. To establish rental rates for the table, complete these fields:

   • Equipment Rate Code

   • Billing Rate

5. To define a limit for the table, complete the optional Replacement Cost field.

6. To further define the rental rate for the table, complete these optional rate component fields:

   • Ownership Component

   • Operating Component

   • Maintenance Component

   • Other Costs

   • Rate Component 05-10

     If you use billing rate components, the total of the components must equal the total billing rate amount. If you leave the billing rate amount blank, the system calculates a new billing rate amount based on the rate component amounts that you enter.

7. Click OK.

You can use AAIs FTC1 through FTC0 ranges to define the account numbers for the rate components. These are the revenue credit accounts for billing rate components 1 through 10. When you post location billings or time entry billings, the system creates the revenue entries for the amount in each component using the account numbers for this AAI and posts them to the Account Ledger table (F0901).