The Billing Rates card allows you to attach a rate table to an item price and/or time price. Rate tables calculate rates based on certain requirements. For instance, if a service exists for monitoring basic alarms, the Monitoring Company might create a rate table based on the number of alarms.
Fields
- Rate Code – The Manitou billing identifier for the rate.
- Description – An explanation of the Rate Code.
- Calculation Type – Dealer and Customer Calculation types will change which rate table is used to calculate charges.
- Rate Charges table.
- Example 1 - Number of Alarms Rate Tables. This is based on the rate code defined.
- 0-50 alarms received has a base rate of $5.00.
- 51-99 alarms receive an additional rate of $5.50.
- Greater than 100 alarms receive a rate of $6.00
- Example 2 - Number of Accounts Rate Table. This calculates the number of accounts and the billing rates related based on the number of accounts.
- First 1000 accounts receive a rate of $2.00 per account.
- Accounts beyond 1000, 1001-♾️receive a rate of $1.50 per account.
- Example 3 - False Alarms - When a dealer must bill customers based on excessive false alarms setting a rate table for this can better automate this process.
- When the customer hits three false alarms in the billing period, the rate is $5.00.
- When they have greater than three false alarms, they will be billed at a rate of $10.00 per false alarm.
- Example 1 - Number of Alarms Rate Tables. This is based on the rate code defined.
- Min Quantity – This number indicates the threshold for additional charges, for example, the number of False Alarms.
- Base Price – Initial fee for a particular service.
- Additional Price – Extra fees for a service, for example, a Customer exceeds a certain number of False Alarms.