Client Management Company Rate Change Create a Rate Change - Items with % Increase
Create a Rate Change - Item Codes Method % Increase
This Company Rate Change method describes how to setup and post a Company Rate Change batch using either one specific percentage rate or various percentage rates for different Invoice Item codes.
Once you create a new Company Rate Change batch, you may save it and continue working with the batch making changes up until the point the batch has been posted. Once a batch has been posted, no further changes can be made to the batch, however you may view posted batches by selecting the checkbox at the bottom of the Company Rate Change List ‘Include Posted Increases’.
Navigate to the Client Management menu and select the Company Rate Change menu option. The Company Rate Change List will be displayed. Press the New button located at the bottom of the form to start a new batch. Once the Company Rate Change Form opens, enter a Description for the batch at the top of the form. Proceed on to the next section, Setup Information.
Setup Information
Effective Date – select from the drop-down list the month and year the rate change will become effective.
Use Item Codes – select this option button.
Increase or Decrease – Most typically you will select the Increase button.
Percentage or Flat Amount – Select the Percentage button.
Set All Items / Amount – Select the checkbox, select all items, then enter the default percentage rate that will be used to increase recurring lines. If any recurring line has an override percentage, that percentage is ignored when using this method.