Quick Tip: Setting New Rates Starting on a Specific Date

February 2019    Tags: , ,

Did you know that you can set a timekeeper’s rate to change as of a specific date? This means that the software will automatically apply the correct rate based on the fee’s date, allowing you to continue entering time like normal. For example, let’s say you want to change a timekeeper’s rate from $250 to $275, effective on March 1st. In this scenario, any time entered with a date prior to March 1st will automatically use the $250 rate, and any time entered with a date of March 1st or later will automatically use the $275 rate. This helps make it easy to change rates and have them billed correctly.

To set the effective date for new timekeeper rates

  1. From the File menu, point to Open and select Miscellaneous.
  2. From the Timekeeper tab, select the Timekeeper whose rate will be changing.
  3. In the Effective Date of New Rates field, enter the date on which the new rate will take effect.
  4. In the New Rate fields, enter the desired rates.
  5. Press Ctrl+S.

Note: New rates can also be configured in Rate Tables by editing each table.

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