Contract Aging Rates

Use this form to specify the rate at which a contract ages. The values specified affect the contract line rate. The multiplier is applied after the contract line rate is assigned.

Note: The contract aging rate is related to the install date of a unit, and as such has no opportunity to be applied to a non-serialized item. The impact is on the default rate applied to a contract line when the line is created. When a rate is saved, the rate is not automatically changed over time, as invoicing does not change the rate based on the age of the contract line. Clicking the Re-Price button on the Contracts form only affects the rate on the line if the line has not been billed.