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Before you change the hourly rate for an employee, you should first enter an End Date for the old rate. You can then enter a new hourly rate and a new start date. This maintains a record of previous rates for the employee.
You can only have one open instance of each charge rate type at one time (i.e., only one standard rate or premium rate per employee). A warning message is displayed if you try to add the same Charge Rate Type twice.
(AE) If you have current duplicate charge rates, reports and timesheets may be affected.
You should also ensure that:
the employee has posted all their timesheets, and
the change is made at the end of a period.
Any timesheets entered before the charge rate is changed will not use the new rate, so it is important to set up new rates in advance.
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