Change staff rates
If you need to change a staff rate, you can add a new rate that will take effect on a certain day. Changes to the staff rates will automatically update the rates for the unbilled WIP in the date range you select to edit rates for. To change staff rates, do the following.
- In Practice CS, selectSetupthenStaff.
- Go to theRatestab.
- SelectEdit.
- SelectAdd.
- Go toEffective Dateand enter the date the new rate goes into effect.
- Go toCost rateand enter the hourly cost of the staff person to your firm.
- Select a billing rate from theDescriptiondropdown.
- Enter the hourly rate for the description you selected in theHourly Ratedropdown.
- Repeat steps 7 and 8 for every rate that will apply to the staff for this effective date.
- SelectEnterto save the changes.
You have 2 rate sets with effective dates of 1/1/2017 and 1/1/2018. Any WIP transactions dated from 1/1/2017 through 12/31/2018 will use the first rate set, and any transactions dated from 1/1/2018 forward will use the new rate set. If you change the rates for the 1/1/2017 rate set, all unbilled WIP transactions dated from 1/1/2017-1/1/2018 will be updated with the rate changes.
