Defining fee type versions

Because fee values often change over time, you can define multiple versions of each fee with different effective dates. If you define multiple versions, you can also indicate which date property you want to use to determine which version to apply, such as the date an application was processed or the date a fee was added to an application. If you don't specify a version date property, or if that property isn't populated for a particular application, Infor Public Sector will use the current date.

  1. Define a fee type.
  2. In the Version Date Moniker field, specify the moniker of the business object that you want Infor Public Sector to check to determine which version to apply.
  3. Specify the business object property you want Infor Public Sector to check in the Property field.
  4. Click Add above the Versions grid.
  5. Specify the date Infor Public Sector should begin using this version in the Effective Date field.
    Do not specify an expiration date. Infor Public Sector uses each fee version until 00:00 on the effective date of the next version.
  6. If you want to define a minimum or maximum value for this version, select the appropriate check box and specify the amount.
  7. Under Value, specify the amount of the fee.
    You have three options for setting the value of a fee. If you want to calculate the value, select Formula from the list and specify the formula in the field to the right. If you want to define a fixed charge, select Decimal Value from the list and specify the value of the charge in the field to the right. Finally, if you want to use a rate table, select Rate Code and specify the rate code that will be used to calculate the fee. You can also specify an optional value formula if you want to perform further calculations on the value returned by the rate table. Note that you can’t use rate codes for job estimation fees.
  8. Under Quantity, specify the number of times the fee is charged.
    If you want to define a fixed quantity, select Decimal Value from the list and specify the quantity in the field to the right. If you want to calculate the quantity, select Formula from the list and specify the formula in the field to the right.
  9. For initial deposit fee versions, specify a decimal quantity or formula to determine the minimum deposit account balance under Minimum Balance.
  10. Click Save.