ON!Track Asset Cost Functionality - FAQ

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General and Calculation

1. How can the ON!Track Cost functionality help my business?

Answer: It helps track asset costs by jobsite, allocate expenses, and provide better visibility into costs.

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2. How is cost calculated in ACR?

Answer: Cost is calculated based on the number of chargeable workdays on site and the asset rate.

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3. How are Working Days on Site calculated?

Answer: They are calculated based on transfer dates, jobsite working days, business hours, and excluded holidays.

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4. What is the difference between Workdays on Site and Days on Site?

Answer: Days on Site are calendar days, while Workdays on Site are the days that qualify for charges.

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5. What is the difference between Daily Rate and Time-Based Rate?

Answer: Daily Rate charges for each qualifying day, while Time-Based Rate uses daily, weekly, or monthly charging rules.

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Jobsite and Charging Rules

6. Why are asset charges not calculated properly for a time-based rate?

Answer: Check the rate thresholds, asset transfer history, and jobsite cost settings to identify the issue.

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7. What is a Jobsite, and how can I exclude specific days from cost calculations?

Answer: A Jobsite defines the working days, business hours, and holidays used for cost calculations.

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8. Why is the Edit button disabled for Cost Settings?

Answer: The user may not have the required permission to change the setting.

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9. Why is a day not charged when an asset stays at a jobsite for less than 30 minutes?

Answer: The visit does not meet the minimum time required for a charge during business hours.

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10. What are Business Hours at a Jobsite, and how do they affect cost calculations?

Answer: Business Hours help determine whether a day should be charged based on when an asset arrives at or leaves a jobsite.

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Charges, Reporting, and Capping

11. What is the difference between Open/Active Charges and Closed/Old Charges?

Answer: Open charges are still accumulating, while closed charges are completed charge periods from the past.

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12. Can the same asset be charged to multiple locations?

Answer: An asset can have only one active cost location at a time. When it is transferred, the current charge period closes and a new one begins.

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13. How does the Asset Cost Report use the selected Start Date and End Date?

Answer: The report includes charge periods that overlap the selected date range.

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14. How does Cost Capping work?

Answer: Charging stops when the defined cost limit reaches the configured percentage of the asset value.

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15. How can I stop charges for a retired, stolen, or disposed asset?

Answer: Update the asset lifecycle status and ensure that it is no longer assigned to an active cost location.

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16. Does ON!Track store calculated cost data in the system?

Answer: Calculated cost is generated when the report or Asset Cost view is opened.

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17. What should I do if the Cost Location field is blank?

Answer: Check the asset location, transfer records, cost configuration, and data synchronization.

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18. If a rate is changed, will ON!Track update historical charges?

Answer: Yes. Reports use the current rate because previous rate versions are not stored.

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Quantity Item Costing

19. How are costs calculated for quantity items in ON!Track?

Answer: Cost is calculated based on the duration, daily rate, and stock quantity for the charge period.

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20. What is the difference between Stock Quantity and Current Quantity?

Answer: Stock Quantity is used for cost calculations, while Current Quantity shows the quantity currently available.

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21. Why are deleted or archived locations visible in quantity item cost reports?

Answer: Deleted or archived locations remain visible because their historical cost records are kept for reporting purposes.

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22. What is Plug Cost used for?

Answer: Plug Cost is used to add additional project expenses that are not part of normal asset usage.

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23. What happens when the available stock quantity is exhausted from an allocation?

Answer: The current charge period closes, and the report is updated to reflect the latest stock quantity.

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24. How does ON!Track prevent duplicate charges when quantity items are transferred?

Answer: ON!Track closes the previous charge period and starts a new charge period at the destination without any overlap.

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