Financial Administration › Financial Matrices › Cost/Rate Matrices

Cost/Rate Matrices

Use rate matrices to specify direct costs to investments. When you apply cost or billing rates to transactions, the correct rate is automatically selected from possible rates and is used during rate calculation. You can add matrices for use only with costs or rates.

Create Cost/Rate Matrices

Create as many cost matrices as needed for each entity and as many rate matrices as needed for each client. Once you have defined the general properties, assign columns to the matrix.

To create a cost/rate matrix

1. Select Manage Matrix from the Finance menu.

   The Manage Matrix page appears.

2. Click New.

   The Matrix Properties: General Information page appears.

3. Complete the following fields:

   Matrix Name

   Defines the unique name for the matrix.

   Limits: 40 characters

   Matrix Type

   Defines the matrix type.

   Values: Cost/Rate

   Default: Cost/Rate

   Matrix Default Currency

   Defines the default currency for this matrix. This field only appears if multi-currency is enabled.

   Default: System Currency

   Location

   Defines the location used in the matrix. Click the Browse icon and select one from the list.

   Entity

   Defines the entity used in the matrix.

   Private

   Specifies whether this matrix is restricted to particular users.

   Default: Cleared

   Notes

   Defines any additional information specific to this matrix.

4. Click Save and Continue.

   The Matrix Properties: Assign Columns page appears.

More information:

Cost Plus Codes and Rules