About Update Date and Update Value |
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: