Equipment Rate Option

The Equipment Rate Options determine how equipment use will be billed during the billing process. There are three options available: Cost, Rates per Hour, and Rates per Time Unit.

Cost

If using costs for equipment, the system automatically pulls the actual dollar amounts posted to Job Cost for equipment use as noted below:

  • Billed amount is ActualCost from the JC Cost Detail file (JCCD)

  • Billed UnitCost is ActualCost / ActualHours from JCCD

If categories are used during the billing process, the system uses them only to sort and summarize equipment by category. It does not use the rates defined for equipment categories to calculate dollar amounts on the invoice.

Rates per Hour

The rates defined for each equipment category on a template will be multiplied by the number of hours posted to Job Cost. The rate option selected for the category in JB T&M Template Equipment Rates (JBER) determines how the rates are calculated:

if “R-Equip Rate”

  • Billed amount is ActualHours * JBER Rate

  • Billed UnitCost is JBER Rate

    if “C-ActualCost”

  • Billed amount is ActualCost from JCCD

  • Billed UnitCost is ActualCost / ActualHours from JCCD

    Rates per Time Unit

The rates defined for each equipment category on a template will be multiplied by the number of time units posted to Job Cost. The category's rate option determines how the rates are calculated:

if “R-Equip Rate”

  • Billed amount is (ActualHours / HrsPerTimeUM) * JBER Rate

  • Billed UnitCost is JBER Rate

    if “C-Actual Cost”

  • Billed amount is ActualCost from JCCD

  • Billed UnitCost is ActualCost / (ActualHours / HrsPerTimeUM)

When equipment usage is posted to Job Cost, the time units are converted to hours based on the revenue code’s Hours/Time Unit factor (defined in EM Revenue Codes). When billing for usage in JB, the hours stored in JCCD will be converted back to time units and multiplied by the specified rate.

JB T&M Template Setup