Setting Up the Billing Rate Code Hierarchy
Access the Billing Rate Code Revision form.
- 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.
Blank: The system searches for a valid billing rate in this sequence:
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.
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.
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.
- Billing Frequency
Enter a code that identifies the billing frequency to be used when the system processes location billings for a specific equipment rate code.
M: Monthly
W: Weekly
D: Daily
H: Hourly
- Billable (Y/N) [billable (yes/no)]
Enter a code that indicates if the system processes location billings for a specific equipment rate code. Values are:
Y: Yes
N: No
- Weekly Rate Code
Enter a value from UDC 00/RC (Equipment Billing Rate Codes) that is associated with a weekly rate code.
This enables you to set up a hierarchy of billing rates within the weekly rate code. For example, the bill rate code hierarchy for a weekly rate may be hourly, daily, and weekly.
This field applies to Location Billing clients only.
- Daily Rate Code
Enter a value from UDC 00/RC (Equipment Billing Rate Codes) that is associated with a daily billing rate.
This enables you to set up a hierarchy of billing rates within the daily rate code. For example, the billing rate code hierarchy for a daily rate may be hourly and daily.
This field applies to Location Billing clients only.
- Hourly Rate Code
Enter a value from UDC 00/RC (Equipment Billing Rate Codes) that is associated with an hourly billing rate.
This enables you to set up a hierarchy of billing rates within the hourly rate code. For example, the bill rate code hierarchy for an hourly rate may be only hourly.
This field applies to Location Billing clients only.