Use bill rates to track the monetary amount of both incurred and future scheduled hours. Ultimately the bill rate that’s stored within the project (in project settings), is the rate used for the calculation.
In Account Settings, you can set up the master bill rate matrix that’s used each time a new project is created. Once a project is created, bill rates are established and any modifications to bill rates will need to be made at the Project level. Changes to the master bill rate matrix.
When you assign someone to a project, 10,000ft will find the right rate to apply, using the following rules: do not affect existing or past projects
How to create the default bill rates matrix in Account Settings
The default bill rate is applied to all people in the organization. This is useful when your organization uses a blended rate. You can create exceptions for either specific roles or disciplines by adding them to the matrix of bill rates. Roles or disciplines that do not have a set bill rate will use the default rate.
To define the bill rate rate for a role and discipline, fill out the bill rate in the field where the two intersect. When the discipline and role have been assigned to a person, the system will automatically apply the corresponding bill rate.
If an entire discipline or group of roles uses the same rate, you can specify that by only building out one row or column
Rates from the bill rate matrix can be overridden by a rate specified within a person’s profile.