It shows two types of resource rates:
- Project Rate
- Cost Rate
Project 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. Project 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.