How to create a new rate category

hi,
Could anyone please guide me how can i create a new rate category.
Thanks and Regards
Mahavir

hi,
Thanks for the reply....but what i actually wanted to know the steps actually followed while creating a rate category.
for example :
Rate category : creation of Billing Class, defining Billing Schema and Rate determination etc.
Please guide me about the sequence of activities to be followed.
And one more question is how can i create an account class.
Thanks and Regards
Mahavir

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