1. Lease Origination Setup Guide
  2. Product
  3. Asset Billing Rate
  4. Asset billing Calculations
  5. Slab Formula Calculation

4.12.3.5 Slab Formula Calculation

In Slab Formula calculation, system calculates the Transaction Amount using below formula.

Transaction Amount = [Flat Amt] + Ceil[\{Billing Points - Base Points)/Slab Points}*\{%Increase / 100)*Flat Amt}]]

The resultant amount will always be rounded-up.

For example,

Transaction Amount = [491.32+[{(61000-5000)/2500}*{(30.4/100)*491.32}]]

= [491.32+ [Round-up {22.4}*{149.36}]]

= [491.32+3435.28]

Transaction Amount = 3926.6

Note:

The Rate and Flat amount are adjusted based on Frequency and Billing Cycle.

Parent topic: Asset billing Calculations