Client Management Company Rate Change Item Codes Method
Using the Item Codes method on the Company Rate Change form provides several options of selecting which customer recurring lines to include in the rate change batch. You may select to perform a rate increase or a rate decrease. You may select to increase (or decrease) recurring rates by a flat dollar amount, a fixed dollar amount or by a percentage rate.
The Fixed Dollar Amount option is used when you want to increase the monthly rate to a fixed amount based upon the current rate on the recurring line. For example, if you set the Fixed dollar amount to $35.00 on the Rate Increase Setup form, you could specify to only increase recurring lines where the current monthly rate is between $31.01 and $34.99 per month. Further, you could specify which item codes this new rate would affect; it may be one item code or multiple item codes.
The Flat Dollar Amount option is used when you want to increase the monthly rate by a particular amount on each eligible recurring line. For example, if you set the Flat dollar amount to $2.50 on the Rate Increase Setup form, and you specify to only affect recurring lines where the current monthly rate is between $31.01 and $34.99 per month. Further, you may specify which items codes this new rate would affect. In this example, if the current rate of the recurring line is $32.00 per month, the new rate would be $34.50 per month ($32.00 + $2.50).
FRM2015-02
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