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.

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