(Click on the video tutorial for more information on Resource Rate)
How to add or change Resource Rates in any project
1. Click on 'Project' icon from Left navigation bar.
2. Select any project on which you want to add resource rates.
3. After selecting the project, Click on the 'Resource Rate' button on top in the project navigation bar.
4. Click on the 'Cost Rate' or 'Bill Rate' to change the rates of any resource.
Resource rates are of two types:
- Bill Rate
- Cost Rate
Bill Rate is the billing rate for the resource that will determine revenue for each task and resource. It is also called the contract rate that determines revenue and invoice. The projected rate can be set specific to each project.
Click twice on the project rate field for each resource and type in the numeric digits that you want to set.
Cost Rate determines the cost of each resource and task. The cost rate comes prefilled based on the internal rate set at the time of adding a new resource. The prefilled value provides a direction and indication of the basic cost of the resource-based on salary and other admin charges. It can be edited for each project.
Click twice on the cost rate field for each resource and type in the numeric digits that you want to set.