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> Set up / Project Accounting / Set up employee timesheet and expense claims / Setting up a hierarchy / Set up cost rates, charge rates and pay rates / Cost rate types

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Set up timesheet cost rate types

You can set up cost rate types to specify the types of cost rate that you will use in a project. For example, you could set up labour cost rate types for a standard rate and an overtime rate.

To set up a cost rate type

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

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

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

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