Tip #RB-0001
Module: Revenue/Billing
Subject: Automatically Adjusting Overhead Rates
If you are an operator, you know that adjusting overhead rates can be a daunting task every year. You may not realize how easy it is in WolfePak to implement these annual adjustments at the touch of a button.
The Overhead utility feature can assist you in multiplying the original amount for each overhead entry by a certain factor and it will automatically adjust all overhead amounts for you. Just go into Overhead Maintenance (#41 on the Billing Maintenance Menu) and select the option "Util" at the bottom of the screen. You can then put in a multiplier in the field that says "Multiply orginal amount by:". For example, if you just found out COPAS (http://www.copas.org/economic-factors) released their annual overhead rates and you want to increase your overhead by 6%, put 1.06 in this utility and click "Update". It will automatically update the overhead on all your leases in one fail swoop!
(Hint: If your “Util” button is greyed out, it means you have a current revenue/billing cycle in process and you will not be able to change any overhead amounts until the cycle is complete and updated.)