Rate Schedule - Main

You start the rate definition process by selecting Main Menu, Rates, Rate Schedule. On this page you enter general information about the rate.

Description of Page

Enter a unique Rate Schedule ID to identify the rate. The value that you supply will typically correspond with the identity of the rate in your rate book.

Enter a Description for the rate schedule.

Select the Service Type that describes the service associated with this rate. When you maintain an existing rate schedule, this field will be gray if the rate is referenced on at least one contract type. See Setting Up Service Types for more information.

Select a Frequency to define the time period in which the rate's charges are expressed. See Defining Frequency Codes for more information.

Select a Currency Code to define the currency in which the rate's prices are expressed. See Defining Currency Codes for more information.

Note: Currency note. All bill factors that are referenced on the rate's rate components must be denominated in the same currency as defined on the rate schedule. This is because bill factors are used when the price is "soft" and all prices in a rate, be they hard or soft, must be in the same currency. Also note - all rates referenced on an account's contracts must be denominated in the same currency as defined on the account.

Turn on Allow Estimates if the bill process is allowed to estimate consumption for contracts that use this rate. Consumption is estimated if all of the following points are true:

  • A real read cannot be found.
  • The contract allows estimation.
  • The bill cycle schedule allows estimation (if the bill is produced by the BILLING background process).
  • The rate schedule allows estimation.

Turn on Allow RVs Proration if a change in the Rate Version during a bill period should be prorated. If changes should not be prorated, indicate the RV Selection Date to use when the system determines which rate version to use.

The following table lists and describes the valid rate version selection date options:
Option Description
Accounting Date The rate version effective on the bill's accounting date will be used.
Bill End Date The rate version effective on the bill's end date will be used.
Bill Start Date The rate version effective on the bill's start date will be used.

Rate Schedule Tree

The right half of this page is dedicated to a tree that shows the rate schedule's SQ Rules, Register Rules and Rate Versions. You can use this tree to view high-level information about these objects. You may also transfer to a given rate version by selecting that rate version.

Note: The duplicate action in the action button bar enables you to copy another rate schedule and optionally, its rate versions. Refer to Duplicate Button in the system wide standards document for more information.

Where Used

Most contract types contain a collection of valid Rate Schedules. Refer to Contract Type - Rate for more information.

Most contracts reference a Rate Schedule. Refer to Contract - Rate Info for more information.