Historical billable rates provides admins with a choice to change the historical billable rate for all data, or only apply the new rates going forward. This feature is only available in Premium and Enterprise plans.
Billable rates can be preserved across Track, so whether the billable rate was on the workspace, workspace member, project, or project member level, you can now have accurate data.
While changing a billable rate, you will see a popup asking you if the rate should be changed for all data, or only going forward from that day.
When changing a rate, you can apply it for the entire data (affecting historical reports) or apply it only from today (i.e. past reports will stay intact).
If "change rate as of today" is selected, the rate will be applied to all Time Entries from the beginning of the day, i.e. 00:00 of the timezone for the admin editing the rate
If there is a Time Entry that is spanning across midnight, the new rate will be applied from the next time entry, i.e. spanning time entry will keep the rate of the previous day when it was started.
Each rate will have a tooltip showing you the date of the last change
If a Time entry was created manually for the past date, the logic says the same - Time Entry will use the rate that was valid at that point of time, i.e. pick up old rate.
There is no way to change rates as of a particular date (i.e. into the past or into the future, it's always as of today).
Do you need further help? Contact our Support Team via the purple chat button at bottom right of this screen.