Step 8: Load Labor Rates for Loaded Labor Formulas

For any projects that include Loaded Labor (T&M) revenue formulas, you need to run the Load Labor Rates screen.

This program updates the Labor History table with the appropriate T&M billing rates, according to the order of precedence that you set up on the Manage Rate Sequence Orders screen. You can run this program whenever you freeze the labor that is burdened and used for reporting on T&M projects. In other words, you can perform this step right after Step 2, but you must complete it before you attempt to compute revenue for projects with Loaded Labor revenue formulas.