Rate Version - Main

Use Main Menu, Rates, Rate Version to maintain a rate version.

Description of Page

Rate Version contains basic information about the rate version. This information only appears after the rate version has been added to the database.

Rate Schedule defines the rate to which the rate version is linked. Effective Date defines the date on which the rate version's rate components become effective. These fields are the unique identifier of the rate version. Both fields become protected after the rate version is added to the database.

Note: Multiple rate versions may be prorated. When the system creates a bill segment for a contract, it checks if multiple rate versions are in effect during the bill period. If so, it uses the rate schedule's Allow RVs Proration switch and RV Selection Date flag to determine if it should prorate the various rate versions or if it should pick one of the rate versions effective during the bill period.

The Rate Version Status indicates the current state of the rate version. Refer to Lifecycle of a Rate Version for more information.

CAUTION: Billing ignores rate versions that are not in the Finished status. This means that if you create a new rate version and forget to finish it, billing will use the prior rate version when it calculates the customers' bills.

Specify the description of the rate version in Description on Bill. This description is saved on bill calculation details created using this rate version.

The following table lists and describes the substitution variable that you can use in the Description on Bill field:
Substitution Character	What It Does
%D	Replaces the substitution character with message 10101 from message category 4. This message is maintained in the standard message table. We recommend this message be set to "(prorated for %1 of %2 days)" where %1 will be substituted with the number of days of prorated product/charge type charged on the bill line and %2 will be the "normal" days associated with the rate's prices. This message will only be substituted when the rate version is prorated.

The following table illustrates how you can define a description on a bill:
Description on Bill	How It Looks On A Bill
ACH service %D	ACH service (prorated for 10 of 30 days)

The tree that follows contains a summary of the rate version's rate components. You can use this tree to both view high-level information about these objects and to transfer to the respective page on which an object is maintained.

Note: The duplicate action in the action button bar enables you to duplicate a rate version and its rate components. Refer to Duplicate Button in the system wide standards document for more information.