Target Rate and Cost Rate

The Target Rate and Cost Rate fields may be used in any manner your firm desires, and reports can be written that utilize these rates.  The rates are not used for anything other than reporting.  The Target Rate is typically the average billing rate at which you would like all the Timekeeper’s time to be entered and/or invoiced.  The Cost Rate is the rate at which the Timekeeper’s time must be entered and/or invoiced in order to cover the cost of the Timekeeper to the Firm.