Administrative Help

About Update Date and Update Value

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If you know in advance that a billing rate is going to change, and you know when and by how much, you can specify an update value for the rate, along with an update date.

Note: You can only have one future rate change defined for any billing rate. If you set an update date/value and then set another one for the same rate, the second overrides the first update date/value.

On the update date, the update value becomes the current billing rate.

Billing Rate Update Value has the following impact: