The Rate Calculation Date may entered in the job setup.
This "sets in stone" the date on which the rates are calculated for the job. As rates can change over time, if you want to fix your rates for a job to say "last year's rate schedule" then you can enter a date of the beginning of last year.
When the Rate Calculation Date is not entered the system will use the date of the time entry (usually the current date) to set the rate. When you enter a date, the system uses the Rate Calculation Date as the point in time on which the rates are calculated.
What are the rates at a particular date?
To determine the rates applied to entries on a particular date:
- Enter the rate calculation date
(or remove it if you want to see the prevailing rate as at today)
- The rates will display for the entered date
Do not save the date unless you want all rates to be calculated on the date entered.