This works similarly to Prepaid Pages above however it works off currency amounts instead of quantities.
A Prepaid meter can be used to prepay multiple other meters. It is not limited to just one linked meter. It will use unders stock code to handle expired prepaid amounts and 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, however 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/purchase order is in).
For example, the prepaid meter below 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.
In the above example, the prepaid meter is only billed once a quarter. It is used to offset the charges on the black and colour meter, but not the rental (base charge) meter.
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. |