Rate Type

 

The Rate Type maintenance document is used to establish and maintain numeric codes and textual description values which are stored in database tables.  This data serves as reference information that is made available for display and selection in various areas of the system, including other e-docs.  Rate Type is the type of rate that the system applies to specific cost elements (i.e. fringe benefits, F&A, inflation, etc).

Document Layout

Figure 1633 Rate Type Maintenance Document Example Layout

Edit Rate Type Section

The Edit Rate Type section of the Rate Type maintenance document is a unique section that allows you to specify and maintain the details associated with the reference table record in fields.

Table 679 Rate Type Maintenance Document - Edit Rate Type Section Field Descriptions

Field

Description

Rate Class Code

Required.  The numeric value that the system uses to reference this rate class that is associated with this unique rate type.  Type the suspected value in the box and click the direct inquiry icon or click the lookupsearchicon icon to search for and return the value to populate the box automatically.

Rate Type Code

Required.  The value that is associated with the type of rate that the system applies to specific cost elements (i.e. fringe benefits, F&A, inflation, etc)

Description

Required.  Enter text to describe this individual rate type  (could be a single word, several words separated by spaces, a phrase, or number/word combinations that can have most characters, such as slashes and parentheses). The type of rate that the system applies to specific cost elements (i.e. fringe benefits, F&A, inflation, etc).  Click the add note  icon to view/edit/paste text in a new browser window, then click the continue button to return to the text entry field in the document.

Examples

Figure 1634 Rate Type Maintenance Document Example Values