Assigned Vendor Resource Rates (AC18.3)

Use Assigned Vendor Resource Rates (AC18.3) to define rates for assigned Vendor resources. You can define resource rates by activity or activity group to use different rates in transactions depending on the resource and activity involved. Resource rates by activity override any standard resource rate you may have defined. Resource cost rates are used in Resource Journal Entry (AC41), Subcontractor Time And Material Entry (AC42), Transaction Interface Adjustment (AC54.1), and Transaction Interface (AC540) to determine transaction amounts. Resource billing rates are used for Time and Materials billing. For more about defining billing rates, see the Billing and Revenue Management User Guide.

Process at a Glance

  1. Access the appropriate form for the type of resource for which you want to define rates by resource and activity. (Use Assigned Vendor Resource Rates (AC18.3) to define rates by employee.)

  2. Select the Activity Group or Activity for which you want to define rates.

  3. Select the resource you want.

  4. In the Currency Code field, type or select the rate's currency. When you use the resource and activity in a transaction, the rate's currency determines the transaction currency.

  5. Define rates for the resource.