Tariff Schedule

  Tariff Schedule

Once a Tariff has been created, the Tariff must be scheduled in order to rate the Tariff Charges. Tariffs are scheduled by assigning them to a Tariff Schedule. A Tariff can only be associated with one Tariff Schedule. A Tariff Schedule normally comprises many Tariffs for rate input.

A Tariff Schedule has Cycles. The Schedule Frequency determines the start of each Cycle.

When a new Cycle begins, the old Cycle ends. There can only ever be one active Cycle on the Tariff Schedule. This means that at any point in time a Tariff will only have one valid active table of Rates.

A Tariff Schedule has the following attributes:

Name

Each Tariff Schedule must have a name.  The Name does not have to be unique.

Frequency

Determines how often a new Schedule Cycle needs to be initiated and therefore how often the Tariff Rates need to be updated. On the anniversary of each new Cycle, as determined by the Frequency, a Journal will be created for each Tariff.

Valid Frequencies are:

• Weekly.
• Monthly.
• Annually.

Start Date

Specifies when the Schedule starts. The start date must be at least one day after the schedule's creation date.

Days Before Start

Because rates must be entered before the start of a cycle, the number of days before the Start will determine the number of days before the start of the cycle that the Rates Journal will be created. For example, if a Cycle is to start on the 1^st of January and the Days Before the Start are 20, the Days before the Start date will be the 11^th of December. In this scenario, a Journal will be created on the 11^th of December for each, and every Tariff associated with the Schedule.