Rates
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Rates
Definition:
- Rates are Catalog Items pertaining to billing usage transactions. They define a set of rules for calculating the individual transaction prices.
- Rates can be set as a Flat Fee, a Per-quantity charge, or be calculated using a Rate Plan
- Rates must be associated with a Service.
Procedure to follow when creating Rates:
- On the 'Rates' page, click on the 'Add Rate' link.
- Fill out the General Section of the Misc. Charge information page (Name, Description, Category),
- Populate the Commissionable check-box if Sales Commissions can be earned on the sale of the product,
- Populate the Resale check-box if you intend to track purchases of the Product from a Supplier.
- Fill out the Charge section of the Product information page
- Populate the Charge information (Name, Type, Currency)
- Populate the Taxable/Non-Taxable information.
- Populate the G/L Accounting Code with the respective G/L Account
- Populate the Price & Cost information (amount, flat fee or per-unit price)
- If you wish to display or hide zero-price items on the invoice, check or un-check the 'Display Zero' check box.
- Fill out the 'Billing Identifiers' section.
- Click the [Save] button
