Example 3
In this example, you set up a fee billing line using the percent of limit value method for a funding level contract for which the Billing Limit field is set to Funded by Line. You select the Cumulative check box. You select Recurring in the Eligibility Status field and Monthly in the Frequency Code field. You generate one invoice, change the percentage, and then generate a second invoice.
This table describes how the system calculates the fee amount for the first invoice:
|
Percentage |
Billing Line Type |
Funded Fee Amount on the funding level contract |
Fee Amount from Previous Invoices |
Calculation |
Fee Amount |
|---|---|---|---|---|---|
|
15 |
F or 4 |
10,000.00 USD |
0.00 USD |
(10,000.00 x .15) – 0.00 |
1,500.00 USD |
This table describes how the system calculates the fee amount for the second invoice:
|
Percentage |
Billing Line Type |
Funded Fee Amount on the funding level contract |
Fee Amount from Previous Invoices |
Calculation |
Fee Amount |
|---|---|---|---|---|---|
|
20 |
F or 4 |
10,000.00 USD |
1,500.00 USD |
(10,000.00 x .20) – 1,500.00 |
500.00 USD |