Cost and Pay Labor Tables
Use cost/pay labor tables to specify the date on which a change will occur in the cost rate or pay rate that is associated with a specified labor rate, labor category, labor code, or labor override table.
The date on which a rate change will occur is the "effective date" of the change. Cost/pay rate tables apply in accounting, billing, and payroll.
When you set up cost and pay rate tables, an Effective Date column displays in grids of labor rate tables, labor category tables, labor code tables, and labor override tables.