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Set up timesheet charge rate types

A charge rate is the amount charged for an individual when working for a period of time on an activity. The charge rate may be set to be the cost rate with an element of margin added, or it may be set to a specific rate for a project or client.

To set up a charge rate type

Open: Project Accounting > Project Maintenance > Charge Rate Types.

1. Click Add to create a new charge rate type.
2. Enter a Code and Description for the charge rate.

3. When you have set up your charge rate types, click OK.

   The charge rate value for an individual or group is set in the hierarchy.