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Overtech Wiki > ContactsLaw > Fixed charge  

Fixed charge

In ContactsLaw, activities can be recorded using either journals or fixed charges. This article relates to the latter type of posting.
 
Fixed charge types
In order to post a fixed charge, a fixed charge type must be created by the practice. Fixed charge types describe the nature of the charge, along with its rate-per-unit and optional flagfall. A complete history of all changes to the rate and flagfall are retained; this makes it possible to back-date charges using the historical rates, as well as being able to propose future-dated changes to cost policies that will automatically come into effect on the appropriate date.
 
Fixed charge postings
Fixed charges can be posted automatically by the system, attached interactively to activities or posted manually by members. Once the fixed charge type has been selected, the charge policy is applied. The member only needs to provide the number of units. The total charge can be overridden in special cases. A descriptive annotation can be included with each posting.
 
Until the point of billing, fixed charge postings have no bearing on the general chart of accounts. When fixed charges are billed, general transactions are posted which debit the debtors controlled account and credit a sub-account of the fixed charges controlled account (or the account itself).

Last modified at 26/08/2009 12:50 PM  by Bradley Smith