Asset Resource Rates (AC17.5)

Use Asset Resource Rates (AC17.5) to define rates for Asset resources. Resource cost rates are used to determine transaction amounts when you process journal entries in using Resource Journal Entry (AC41), Subcontractor Time And Material Entry (AC42), Transaction Interface Adjustment (AC54.1), and Transaction Interface (AC540). Resource billing rates are used for Time and Materials billing. See the Billing and Revenue Management User Guide for details.

Process at a Glance

  1. Access the appropriate form for the type of resource rate you want to define.

  2. Select the resource for which you want to define a rate. (Use Asset Resource Rates (AC17.5) to define rates for assets.)

  3. In the Currency Code field, select the rate's currency. When you use the resource in a transaction, the resource rate's currency determines the transaction currency.

  4. Define rates for the resource.