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Projects - change in rate


We use the projects module and our rates change periodically.  I know my changes for 2024 now but still need to bill under old rates until January.  Is there a way I can enter the rates now and have them become effective on a specific date in the future?

Best answer by Laura02

Hello,

Are you asking about Labor Rates?  Labor Rates do have Effective Dates that will automatically take effect on 1/1/2024”

Are you asking about Billing Rates?  Rate Tables also have Effective Dates:

If you are only using a Billing Rule (no Rate Tables), then you will need to replace the rate in the billing rule on 1/1/2024.

New Costs can be entered to Inventory Items early and left  Pending. Update costs on 1/1/2024 manually or via a schedule.

Laura

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2 replies

Laura02
Captain II
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  • Captain II
  • 3135 replies
  • Answer
  • October 27, 2023

Hello,

Are you asking about Labor Rates?  Labor Rates do have Effective Dates that will automatically take effect on 1/1/2024”

Are you asking about Billing Rates?  Rate Tables also have Effective Dates:

If you are only using a Billing Rule (no Rate Tables), then you will need to replace the rate in the billing rule on 1/1/2024.

New Costs can be entered to Inventory Items early and left  Pending. Update costs on 1/1/2024 manually or via a schedule.

Laura


  • Author
  • Freshman I
  • 6 replies
  • October 27, 2023

Got it!!  Thank you so much - we are using billing rules.


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