4.1.3 Rental Charge Matrix
The Rental Charge Matrix sub tab allows you to define and maintain different chargeable slabs based on the combination of Billing Cycle, Rental Duration, Charge Per Cycle and Charge Type. The details maintained here are used for billing calculation based on a particular asset usage.
For more information on how OFSLL handles Usage based leasing, refer to Appendix : Usage Based Leasing chapter and for Rental based leasing, refer to Rental Agreement section in Lease Servicing User Guide.
- In the Rental Charge Matrix section, perform any of the
Basic Operations mentioned in Navigation chapter.
A brief description of the fields is given below:
Table 4-8 Rental Charge Matrix
Field Do this Billing Cycle Select the frequency of the billing cycle for the asset from the drop-down list. Rental Duration From Specify the minimum duration for which the rental charge is applicable. Charge Per Cycle Specify the amount to be charged for every rental cycle. Charge Type Select the Charge Type as one of the following from the drop-down list. The list is displayed based on CHARGE_TYPE_CD lookup.- BASE (Chargeable units exceeding from base units allowed)
- EXCESS CYCLE (Chargeable units exceeding from billing cycle units)
- EXCESS LIFE (Chargeable units exceeding the total contract term)
Excess life is not applicable for Rental / Usage, Rental agreement types.
Enabled Check this box to enable the charge matrix for usage calculation. - Perform any of the Basic Actions mentioned in Navigation chapter.
Parent topic: Asset Types