FEE_MULTIPLIER Formula

The FEE MULTIPLIER formula lets you calculate fees based on the product of two or more parameters as well as the quantity from a fee assessment. You specify the number of parameters and the value of each parameter. You can use fee indicators as input parameters and for specifying constant value.

A fee indicator is a unique 5-digit indicator that indentifies a certain application specific field value. When using a fee indicator as an input parameter, you must use a value between 10100 and 10599 and use this format: $fixxxxx$, such as $fi10101$. For more information about entering input parameters, see Setting Up Fees.

A sample use case for FEE_MULTIPLIER is to calculate parking fees. For example, you can use this formula to calculate a parking fee that is the product of a fixed fee, multiplied by the number of cars, and the number of days those cars remain in a parking garage.

If your agency charges $15.00 per car per day to park in a company garage and the number of cars in the garage (calculated from an application specific field that uses a fee indicator) is 2 and the number of days those cars were in the garage (calculated from the quantity entered on the fee assessment) is 5, then the total fee assessment is 15 x 2 x 5 or $150.

Formula Equation

x * a * b * c *...n

Input Parameter Format

a,b,c,...n

Example

Parking fees = Number of Cars * Number of Days parked * Fee($) /Day /Car.

X = number of cars

Formula Parameter: $FI10101$,$FI10102$

So, if X = 5 cars, $FI10101$ = 10 days and $FI10102$ = 15.00 dollars

Then Parking Fee = 5 * 10 * 15 = 750.00 dollars

Input Parameter Definition

Conditions

There is no limit to the number of parameters or fee indicators that you can specify. You can also use negative parameters.