Swift Financial Calculations

A financial module was included in Swift to calculate the income through water sales. This module is particularly useful in determining the stepped tariff structure for water sales as the calculated income is based on actual water consumption data.

Each metered record in the Swift database includes a code that defines the tariff structure against which the water consumption must be billed. Swift allows the user to define a tariff structure for each of these codes. The tariff structure describes the different steps in water consumption and the related charge per kilolitre of water. Fixed monthly charges can also be incorporated into a tariff structure. Swift then calculates the income through water sales for each of the records based on the assigned tariff structure. The water consumption, income through water sales and the number of users per step in each tariff structure is determined. This allows the user to easily assess the effect of changing the water consumption steps and/or the related tariff.

Sewer tariffs can also be billed according to the water consumption. Swift can therefore also be used to calculate the income and tariffs for sewage discharge.