Setting Up Interval Pricing Rate Components
This section describes how to define your interval pricing rate components.
Define Rate Schedule, Rate Version and other Rate Components. Before creating your interval pricing rate component, you must set up a rate. During this process, you will also need to set up calculation groups and rules. Refer to Rates for more information.
When you are ready to set up your interval pricing rate component, open Choose the rate version that this component should belong to. Use the Rate Version context menu and select Go to Rate Component + to add a new rate component.
Description of Page
Refer to Rate Component - Main Information for information about the common fields on this page. When defining an Interval Pricing rate component additional fields become available to you. The following information will help you to set up your Interval Pricing rate components.
Indicate whether or not this is FCPO.
Select a Value Type of Unit Rate. This field will be gray when the rate component is referenced on another rate component. The Value Source will most likely be Billing Factor. Your bill factor will likely be one with a type of Interval.
Refer to Defining Interval Values for more information about setting up bill factors with interval prices.
Indicate whether or not this rate component is Seasonal. Refer to Rate Component - Main Information for more information about seasonal rate components.
The Error if No Value field is available for you to use in the calculation algorithm.
Indicate the Calc Algorithm that the system will use to calculate the bill line that this rate component produces.
- The system provides an Algorithm Type that is available for use here. It is called RCIPRS.
If this algorithm does not provide you with the logic you require, you will need to create a new algorithm (refer to Setting Up Algorithms). The above existing algorithm should be used as a sample if you have to write a new algorithm type.
The calculation algorithm's main purpose is to create bill calculation lines. However, the algorithm may populate other information for the bill, for example, it may add to the SQ or register read collection or it may overwrite the description on bill.
Indicate the Audit Algorithm to be used when a CSR wants to drill down into the details of a bill line that was calculated using this Rate Component.
- The system provides an algorithm type that is available for use here. It is called RCIPRS-ADT.
If this algorithm does not provide you with the logic you require, you will need to create a new algorithm (refer to Setting Up Algorithms). The above existing algorithm should be used as a sample if you have to write a new algorithm type.
The audit algorithm should produce the same results as the Calc Algorithm. They are separated because they have different responsibilities. For example, the Calc Algorithm should produce bill lines, but the Audit Algorithm should not. They share common logic related to accessing and processing the appropriate interval data records. As a result, it is recommended that these two programs share a common code which accesses and processes the interval data. The above algorithms provided by the system behave this way and should be used as samples.
Refer to Interval Billing Calculation Details to understand where a CSR may view the calculation details for a bill calc line, using this algorithm.
Indicate the Interval Profile Rel Type. This indicates to the system the profile, linked to the SA, which contains the interval quantities to be processed. Refer to Business Role of Interval Data and Setting Up Profile Relationship Types for more information.
Turn on GL Statistical Quantity if GL journal lines generated for this rate component should also contain the service quantity amount as a statistical quantity. You would use this option if you keep track of both dollar amounts and consumption units in your general ledger.
Enter the verbiage to appear on the customer's bill in Description On Bill and turn on the Print switch. Refer to Rate Version - Bill Print Info for more information about these fields.
Move to the Rate Component - GL Distribution window to define how to book moneys associated with this rate component in the general ledger.