Cost/Pay Rate Tables (Effective Dates) Overview

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, the following things happen:

  • An Effective Date column displays in labor rate tables, labor category tables, and labor code tables.
  • In the Billing application, the Effective Date column also displays in labor override tables.

The effective dates feature is sometimes referred to as the "date-based rates" or "multiple rates structure" feature.

Related Topics:

  • Checklist: Setting Up Effective Dates for Cost Rates
    Use the Cost/Pay Rate Tables to specify when 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 change will occur is the "effective date" of the change.
  • Cost/Pay Rate Table Reports
    You can use reports to review effective dates for labor rate tables, labor category tables, and labor code tables.
  • Procedures
    After you enable effective dates in Accounting Configuration, you can set up rate tables and specify the effective dates for them.
  • Screens
    Use the forms to set up cost/pay labor rate, category, and code tables.
Parent Topic: Accounting Overview