This works similarly to Prepaid Pages. The main difference is that "Prepaid Pages" works off quantities. "Prepaid" works off currency amounts.
The other difference is that a Prepaid meter can be used to prepay multiple other meters. It is not limited to just one linked meter, as Prepaid Pages is. It uses unders stock codes to handle expired prepaid amounts.
It can optionally purchase another block when needed during billing, either on the same job or purchase order or on a separate job/purchase order.
For block purchases, you can still specify a dollar amount and block size, but when it is purchased, the quantity will be changed to match the dollar amount and the price will be set to $1 (or whatever currency the job/po is in)
This prepaid meter is billed quarterly. It is set to bill a quantity of 1 @ 1000.00. When it is actually billed it will be changed to a quantity of 1000 @ 1
This helps with avoiding rounding problems and allows the current meter count to match the amount of money available in the prepaid bucket.
When this is billed, if we record a read of 1,472 for black and 549 for colour, the following job will be produced:
▪The black pages are charged on the first line and offset by the prepaid meter on line 5.
▪The colour pages are charged on the second line and offset by the prepaid meter on line 6.
▪The rental charge is billed on the third line, but as it isn't prepaid by the prepaid meter, it does not have an offsetting line.
▪The fourth line is the prepaid meter billing a periodic billing block which is equal to the prepaid block qty multiplied by price. This is then converted so that the price is $1.
The meter setup for the contract will display that there is $890.90 left in the prepaid bucket.
Billing the following month reads of 1915 for black and 919 for colour
▪The black and colour again have an offsetting prepaid line.
▪Rental is again charged but not offset.
▪This time however, there is no periodic billing for the prepaid meter, as it is only billed every quarter. |