FastTrack360 Version 12 Online Help

Introduction to Rates and Rules

This section gives an overview of Rates and Rules and how it is used to configure the pay agreements and bill agreements that determine how agency payees are paid and how agency clients are billed for supply of labour.

This section also provides an introduction to using the Rates and Rules module to apply pay rate changes retrospectively by using the Back Pay process.

The Rates & Rules module is accessed via the left hand panel menu by selecting the Rates & Rules button.

Rates and Rules Overview

Rates and Rules is used to configure pay agreements and bill agreements. A pay agreement determines the level of pay and conditions of employment for workers in a specific industry or occupation. A bill agreement is an agreement between an agency and the agency's client that determines how the agency bills the client for providing labour.

Payee timesheets that are submitted, approved and released by the Time and Attendance module are processed by an Interpreter. The Interpreter runs as a service at regular intervals and processes any timesheets that have been released since it last ran. The Interpreter applies the rates and rules to the timesheet data in order to generate pay and billing data. This data is then passed to the Pay and Billing modules for payroll and invoicing purposes. This process is summarised in the diagram below.

 

 

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