When you use a rate, the rate uses levels or tiers to calculate amounts. You can set up the variable the level will use to calculate amounts. The variable is defined in the Levels Based On field.
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The current balance is the difference between the sum of goods and services owed minus the sum of payments made.
The current billings is the sum of the goods and services owed.
A delinquent balance is the amount that is overdue in payment.
The delinquent days is the number of days the delinquent amount is overdue.
The quantity is a total amount or number.
1. Open Connect Accounts Receivable > Organization > Rates.
2. Use the field titled Rate to enter a rate number or description. Press Enter.
3. Use the field titled Levels Based On to select a value.
4. Click Save (CTRL+S).
The rate will use the selected value to calculate billings.