Financials

These fields appear in the Financials section for a managed services request.

Note: An additional Tax Rates section appears if the Tax Calculation method setting on the invoice option is set to 'Wand' (and default), or 'Manual' (and default). If set to 'Manual', you can edit the applied tax rate on at the engagement level, or at the billing item level. For more information about editing tax rates for billing items, see Modify Pending Approval Billing Item.

The Financials section features an Effective Dating List that allows you to make modifications to financials values based on a specific date range. Modifying any financials impacts the calculation of billing items entered for that time stamp range.

The list details the justification and the user that made the modification. The most current modification appears in orange at the top of the list. You can edit any of the existing changes by selecting the effective date timestamp in the list, and click Edit selected Effective Date. The financials details for that time stamp range appear in the section. To add a new range, click New Effective Date.

Note: If you click New Effective Date and enter an existing date (existing timestamp in the list), any saved changes override the previously saved information for the same date.

Note: If the Revision Approval Routing workflow is used for engagements, creating a new effective date triggers the revision process. You are asked to confirm and proceed in this case.


Field	Description
Bill Rate	Enter the bill rate for the managed services engagement. This field is informational unless a fee is configured for the engagement. The fee might be, for example, a flat fee applied to each active engagement in an invoice, or a percentage of the bill rate for each engagement. For more information about fed, see Fees and Rebate Process.
Department	Enter the department in the text field. The application automatically suggests configured departments. You can add a department using the search functionality. To each for a department, click Add New.
Rate Information	Using the drop downs, select the rate application information.