Defining Rate Versions
After defining general information about a rate on Rate Schedule Maintenance, you must link to it a rate version. The rate version defines the effective date of the calculation rules defined in its rate components. A rate schedule will have multiple rate versions if its calculation rules (i.e., its rate components) change over time.
After a rate version exists, you add rate components to it using Rate Component Maintenance and/or Rate Version Merge. After you have added all necessary rate components, don't forget to return to Rate Version - Main and change the state of the rate version to Finished (otherwise, it cannot be used by billing).
The topics in this section describe how to setup a rate version.
Related Topics:
Parent Topic: Rates