Set Up Rate Tables and Specify Effective Dates

When you set up rate tables for labor, labor categories, or labor codes, you use the grid on the relevant form to specify the effective date and the new rate.

To set up rate tables and effective dates, complete the following steps:

1. From the Vision Navigation menu, click Accounting > Cost/Pay Rate Tables.
2. Select a rate table type—labor rates, labor categories, or labor codes.
3. On the toolbar for the form, click New and then create a new rate table or copy an existing rate table.
4. In the Table Number field, assign a number to the rate table.
5. In the Table Name field, enter a descriptive name for the rate table.
6. In the Rate Type field, select Cost Rate, Pay Rate, or Both.
7. Use the grid on the form to add rows in which you specify effective dates and, when appropriate, overtime percentages. For example, when you add a labor rate table, you specify the employee, effective date of the rate change, the regular rate, and an optional overtime percentage or secondary overtime percentage. Each table must contain at least one row.
8. Click Save.