Apply Billing CAPS
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.
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
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
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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