Maximum of 9,999.999. An optional rate can be entered for fee and cost transaction codes (Type 0 and Type 5 tcodes). For example, you may want to charge a standard rate, say $50 per hour, for a particular fee transaction code. Or, a cost transaction code may have a rate per unit such as 25 cents per mile. The transaction code Rate may be invoked at the time a fee or cost transaction record is entered. This is accomplished by entering a Rate Code of "7" when using the Fee or Cost files.

A popup calculator is available when editing this field. The "<" and ">" keys can be used to increase or decrease the amount by one dollar at a time.

Note: When entering a cost transaction code in the Fee or Cost file, if the transaction code is assigned a Rate other than "0.000," then the Rate Code will be set to "7."

Note: Clients with a Cost Rate Table set up will use the rate for transaction codes defined within the Cost Rate Table instead of the Tcode file.

Tip: By using a Rate Code of 7 for a cost transaction code, you can have Tabs3 automatically calculate a percentage of the cost item and add it to the actual cost. For example, let's say you want to add 25% to all long distance telephone calls. When defining the long distance telephone calls transaction code(s), enter 1.25 in the Rate field. Then, when adding a long distance cost transaction using the Cost file, after entering the transaction code number, a Units field will be displayed. Enter the amount of the phone call in the Units field, for example $10.00. Tabs3 will automatically multiply the Units field ($10.00) by the Rate (1.25) and calculate $12.50, which is 25% more than the actual cost (i.e., 125%).