Configuring Meter Rates
Configuring Meter Rates
Select Setup > Association Meter Rates. If you are using universal navigation, click Accounting > Settings > Association Meter Rates.
On the Meter Rate List screen, search for and select an association.
Click New to add a meter rate.
On the Meter Billing Setup screen, select a Meter Type from the dropdown. The available Meter Types are managed from System > Dropdown Options. If you are using universal navigation, click Settings > General > Drop Down Options.
Complete the following fields:
Description: The name of the meter rate as it should appear on the main Meter Rate List screen.
Base Fee: If a base fee is charged to the homeowners, enter the amount.
Account (for Base Fee): Select the assessment type account for which the base fee will be billed. The assessment types are set up under System > Assessments. If you are using universal navigation, click Accounting > Settings > Assessments.
Service Fee: If the homeowner is charged a service fee, enter the fee.
Account (for Service Fee): Select the assessment type. This can be the same assessment as previously used for the Base Fee or can be a different assessment.
Usage Rates:
NOTE: The fields in this section vary depending on the Meter Type selected.
Rate: Enter the rate and unit amount. For example, if the homeowners are billed $1 per 10 gallons of water they use, then $1 would be entered in the first field of the Usage Rate and the 10 would be entered in the per gallons box.
Account (Usage Rate): Select the assessment type corresponding to the Usage Rates billing you are configuring (i.e., water usage).
If the association chooses to charge extra when a homeowner goes over a specified amount (the Threshold), the Overage Rates information must be completed. If this is not the case, click Save. The fields in this section vary depending on the Meter Type selected.
Overage Rate: Enter the rate and unit amount.
Account (for Overage Rate): Select the assessment type corresponding to the Overage Rate.
Threshold: Select one of the following:
Average of Months below: Select each month to be considered in the average. When the homeowner’s amount exceeds the amount obtained in the average, that homeowner will be charged the overage rate.
Over: Enter the unit threshold amount. If a homeowner exceeds the unit amount entered, an overage will be charged.
Click Save. This meter rate set up will appear on the Meter Rate List screen.