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Until the base properties have been assigned, the new premium program cannot be added. Enter the following required base premium properties.
Click here to view the premiums properties tab help page for more information.
- Calculated On
- Hint: This is how the rate is applied
- % Amount: Select this method if the tax premium is a % of the amount
- Delivered Weight: Select this method if the tax premium is calculated from the Delivered Weight
- Fixed Amount: Select this method if the premium is a predetermined amount independent of the delivery
- Net Weight: Select this method if the tax premium is calculated from the Net Weight (Delivered Weight * Weight Modifier)
- Class
- Debit Account
- Select the GL account for the debit entry of the premium.
- Description
- Program ID
- Hint: The program ID should be an alpha code to help you quickly identify the premium
- Rate
- Hint: This is the price of the premium. If the premium is $0.05/lb, then enter 0.05. This rate defaults on the ticket, but can be overwritten.
- Start Date
- Type
- Hint: This field defaults and cannot be edited.
Once the base properties are entered, click the “Save” icon on the header toolbar. If the save was successful, the premium program will be saved and all remaining properties will be visible and available for edit. Clicking Save will also update the header information with the Program ID and Description in the Program field and "Premium" in the Type field. These fields auto-populate after clicking Save and cannot be edited.
Step 3: Assigning the Remaining Premium Program Properties
When the premium program has been successfully saved for the first time, the remaining properties can be completed while the Program ID, Type, and Calculated On fields become uneditable.
Click here to view the premiums properties tab help page for more information.
- Credit Account
- Hint: This field defaults from the Settlement Accrual account preference in the Purchasing Preferences.
- Inactive
- UOM
- Hint: This is only editable if the “Calculated On” property was set to Delivered or , Net Weight, or Fixed Amount.
Once the remaining properties are entered, click the “Save” icon on the header toolbar and complete the remaining tabs.