Time Transaction Pricing

1. Activity Codes:

The pricing regime looks first at the Activity Code to see whether it should price the transaction. Where the Subtype on the Activity Code is 'Charge' then it prices the transaction following the rules as detailed below. Where the Subtype on the Activity Code 'Charge' then the Retail value and Retail Rate = $0. There is no exception to this.

2. Price Codes:

Where there are entries in the Labour section of the Price Code then these rules will take precedence in establishing the Retail Value of the transaction.

The Retail value will come from the Sell Rate attached to the Price Line, or as a Mark Up % on Cost attached to the Price Line.

Note that you can have a Sell Rate OR a Mark Up %, not both.

The Priority for a line can be set to High or Low, to determine which of two conflicting rules is to apply first e.g. if there are rules for a Person AND their Employee Class AND the Person, the rule designated as High will take precedence
If ALL Priorities are set to High, the order of preference is Activity Code, then Person, then Employee Class.

3. Employee Class:

Where there is no rule applying from the Price Code, the Selling Rate from the Employee Class belonging to the Employee will apply.

Note: The Activity Code Sell Rate and Markup Percent are NOT used in any pricing of Time transactions.