Apply Billing CAPS

Apply Billing CAPS

Apply Billing CAPS - BASED ON PERCENTAGE OF RETAIL VALUE
  • Billing CAPS - This tool is designed to allow you to CAP items based on a Percentage of Retail Value

  • Basically, what this means is you bill an Air Scrubber that is valued at $2000.00 dollars brand new and you are only allowed to bill 75% of the retail value. 

  • According to this CAP if applied you could not bill more than $1500.00 Dollars for that one air scrubber

  • Let's say your total bill for this one air scrubber is $2500.00 before the CAP is applied.  

  • CAP applied you would have a CAP Credit of ($1000.00) on the invoice.

The BILLING CAPS is unique to our Programs and we own this process - It uses Exact Calculation methodology

  • The Item MUST be qualified for the The BILLING CAP.  Follow the instructions

  • During the Input (Equipment | Materials | Specialty Items) you will have an option to check the box to include item for CAPS. (see dialog image below)

  • Once you check the box the and press enter the Cap Column on the input page will now say Yes - See Image below this column says No until the items are qualified

  • After you check the box and press Enter, the Items are now ready for CAPS

  • To Remove CAPS repeat the steps above, but this time un-check the box for CAP Calculation and Select Yes so it Removes CAPS from all the same ID #'s.


Once the Items are Qualified for CAPS - Go to the Menu Item - The Billing CAP's on left main menu bar - see image below

Once you have Expanded the Menu - Click on Create Billing CAPs  to open The BILLING CAPS DIALOG - see image below
  • Choose the Item to CAP in the drop down - Only Items in the drop down will be the ones you Qualified during the Input or Modification

  • Enter the Retail Value - This should be what it would COST to Replace ONE item including Tax - You should have support for your declared value

  • Enter CAP % of Retail - This is the amount that the item is being CAPPED - (ie if it is 75% then enter 75 in the box)

  • Once all items are complete (Item Selected | Retail Value | Cap Value) Click ENTER - The CAPS are now complete - Open CAPS Summary 


CAPS Summary 
  • This is a summary of the items that have been CAPPED by The BILLING CAPS program

  • To See a Full View of the details - click on Open CAPs Worksheet


CAPS Worksheet
  • This is the details of the CAPS

  • Fully Generated by the Program - Automated Process after user click ENTER on THE BILLING CAPS DIALOG

  • This Details the CAPS - From Start Date to Finish Date

  • User can also Print CAPs Summary and Worksheet - It may print on several pages due to the width of the worksheet

  • It is better to Export Bill to Excel® and then the summary and worksheet will be part of the Export.




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