Understanding Fees

To calculate billing amounts for a fee billing line, you must assign a rate code or a fee percentage to the billing line for a fee. The rate code specifies a table or fee percentages that the system uses to calculate a fee billing line. The rate code is based on an effective date rate.

When a contract specifies different fee percentages over a period of time, you can define a rate code that is specific to the contract. You use from and through dates to identify the effective period for each fee percentage. To determine the applicable fee percentage, the system compares the effective date range for a rate code with the table basis date that is assigned to the billing information used as the basis for the fee.