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.