In the 11.37 In this release we have introduced the concept of Custom Bill Formulas. Two types of formulas can be created:
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Custom bill rate formulas are a new concept that has been introduced in the 11.37 this release. For more information, see Rates & Rules > Custom Bill Formulas > Bill Rate Formula. |
For agreement rates job orders, if an item in the rates matrix on the job order was calculated via a custom bill rate formula, the Bill Type column in the rates matrix displays the text Bill Rate Formula, as highlighted shown below.
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For information about configuration of custom bill rate formulas, see Rates & Rules > Custom Bill Formulas > Bill Rate Formula.
Rate Matrix Formulas
Description
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Rate Matrix Formulas are a new concept that has been introduced in the 11.37 this release. For more information, see Rates & Rules > Custom Bill Formulas > Bill Rate Matrix FormulasFormula. |
Where a Rate Matrix Formula is applicable to a Job Order or Job Template, the formula will display in a column by default next to the standard Gross Profit column. Results will calculate and display next to each relevant rate component as per the defined formula.
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For information about configuration of custom bill rate formulas, see Rates & Rules > Custom Bill Formulas > Bill Rate Matrix FormulasFormula.