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Administrator Guide
Last Updated: 2026-04-03
Create Formula Components Using Calculation Engine

Create Formula Components Using Calculation Engine

Have the
calculation_engine.settings.edit
 permission.
Formula components define common system values and allow you to create custom values that may be used to calculate billable amounts in formulas.
  1. From the header, select
    More
    Company Settings
    .
  2. Under
    Accounting
    , select
    Calculation Engine
    .
  3. On the
    Formula Components
     tab, click
    Create New
    .
  4. Complete these fields.
    Option Description
    Component Description
    Enter a
    Component Name
     (required) and a description (optional).
    Do you want this value of this component to be consistent or variable?
    Select from:
    • Constant Value - the value remains true in all instances.
    • Variable Value - the value varies, based on different criteria.
    Component Value
    The numeric value that is used in formula calculations. This value can be negative.
    Display Component Value in Calculation Breakdown As
    How this value will be formatted in the
    Calculation Breakdown
    . The options are:
    • Number
    • Currency
    • Percent
  5. Click
    Save
    .