Resource rates (AC/BR)
Resource rates are cost and billing rates you assign to a resource. You can assign rates to any resource. You can also assign resource rates specific to an activity group or activity. This lets you have different cost and billing rates for the same resource, depending on which activity is involved.
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Cost rates are used with units to determine transaction amounts in Resource Time Entry (AC41.x), Subcontractor Time and Material Entry (AC42.1), Transaction Interface Adjustment (AC54.1), and Transaction Interface (AC540). For example, you can assign a rate per hour to an AC Person resource, or a rate per mile to a vehicle set up as an asset or Equipment resource. The transaction amount is calculated automatically by multiplying the units entered times the resource rate.
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Billing rates are used with the Time and Materials billing methods. To calculate the billable amounts, multiply the rate times the units entered using the time entry forms listed above.
This diagram shows how resource rates default in transactions created in Resource Time Entry (AC41.x) and Subcontractor Time and Material Entry (AC42.1), and in transactions you interface to Project Accounting using Transaction Interface (AC540) or Transaction Interface Adjustment (AC54.1).