4.12.3.1 Flat Amount Calculation
In Flat Amount calculation, system calculates the Transaction Amount using
below formula:
Table 4-40 Flat Amount Calculation
| Frequency | Billing Cycle | Transaction Amount Calculation |
|---|---|---|
| Annual | Monthly | (Flat Amt/12) |
| Monthly | Annual | (Flat Amt*12) |
| Annual | Quarterly | (Flat Amt/4) |
| Quarterly | Annual | (Flat Amt*4) |
| Annual | Semi Annual | (Flat Amt/2) |
| Semi Annual | Annual | (Flat Amt*2) |
| Annual | Annual | (Flat Amt /1) |
Consider the above calculation as reference for other combinations of Rate Frequency and Billing cycle.
Parent topic: Asset billing Calculations