Assign a Rate to a Resource

The first step in tracking costs is to assign a rate to each resource. Resource rates can be hourly or fixed. For hourly rates, you can assign a standard rate, which is the rate you pay a resource during normal working hours. You can also assign an overtime rate, which is the rate you pay a resource who works longer than the normal working hours. To some resources, you’ll assign a fixed cost per use; for example, a contractor may always charge a flat amount to do a particular job.

You can also assign both a fixed cost-per-use rate and an hourly rate. For example, you might pay a $50 delivery setup charge for rental equipment each time you use it, in addition to an hourly charge.

To assign a rate to a resource

On the View Bar, click Resource Sheet .
In the Std. Rate, Ovt. Rate, and Cost/Use fields for the resource, type the rates that apply, and then click or press ENTER.