Rate Required versus Bill Segment Algorithm
The following table shows appropriate combinations of the contract type's rate required switch and the bill segment creation algorithm defined on the contract type's bill segment type. If N/A appears in a cell, the combination is not applicable. Otherwise, we list typical types of contracts that will use a combination. Be aware that no cross validation exists between the rate required switch and the bill segment creation algorithm when setting up the contract type.
|
Contract Type Rate Required Switch Bill Segment Create Algorithm |
Not allowed |
Rate required on contract |
|---|---|---|
| Apply Rate | N/A |
Misc item services. Company usage. |
| Recurring Charge With Auto Stop |
Payment arrangements. Merchandise installment plans. Zero-interest loans. |
N/A |
| Recurring Charge For Amount To Bill | Deposit installment plans. | N/A |
| Recurring Charge | Charitable contributions. | N/A |
| Billable Charge | One time invoices. | Billable charges that require a rate to add-on extra charges (like taxes) or billable charges where the consumption is interfaced and the system is responsible for calculating the charges. |
| Loan | Loans. | N/A |
Where Used
This information is used to default and validate the rate specified on a contract. Refer to Contract - Rate Info for more information.