Index method
An Index method is a calculation approach used to adjust values over time based on an external reference, such as inflation or market trends.
Index methods are maintained in Application settings.
You can add an index method by clicking + Add index method at the top right. Then proceed to fill out the rates per category.
You can edit the Code or Name as required.
Per index method, select:
Index series from the drop-down list.
Default index month, which can be any month of the year, or Continuous.
Index offset - the number of months between the indexation itself and the index date referred to.
Ceiling - as boundary, Ceiling caps the top rate.
Floor - as boundary, Floor caps the bottom rate.
You can export your index method overview to Excel by clicking Export to Excel.
Select a row to Deactivate it. When it is deactivated (and not in use), you can Delete the row.
Click Save to save your changes.
Click Revert to undo your changes.