Billing Rates Overview |
Billing rates are used to calculate billable revenue and internal costs at both the task and workspace levels.
The PPM administrator defines rate categories and rates and then assigns rates to resource types and resources (users and external resources), according to the standard practices or a company or organization.
For more information on rate categories, see Creating Rate Categories and Managing Rate Categories.
Each billing rate has a history log associated with it. Any time the administrator makes a change to a rate, a history log entry is created. The log entry includes the user name (the person making the change), what action was taken, and the date of the change.
Only an administrator can create or edit a billing rate.
Note: Any actual labor costs are not changed when billing rates are changed because that is work that has already been completed (actual work).
The Status of a rate can be either active or inactive. Active rates are available to be assigned to resource types, resources, workspace members, and tasks. Inactive rates cannot be assigned.
Billing rates can be assigned at different levels and, if not defined for a particular level, are inherited from the level above. For more information about billing rate inheritance, see Billing Rate Inheritance Overview. For details on assigning rates, see Assigning Billing Rates.
When you edit a billing rate, you can specify an update date and update value. This allows you to preset the new rate value and select the date on which that new value takes effect. You might do this if you know that the external rates you charge will be going up at the start of the new fiscal year. For more information, see About Update Date and Update Value.
Related Topics