Rate Sheet Rules apply only when the Calendar Calculation Method is selected, which determines the appropriate Daily Rate Per Hour, Weekly Rate Per Hour, or Monthly Rate Per Hour—based on how long an item has been assigned to a project. When calculating charges, ToolWatch first determines the total billable time and then applies the corresponding rate from the item’s Rate Sheet. Rates are structured across different time intervals, and ToolWatch automatically selects the most suitable rate based on the number of billable hours accrued since the item was assigned.
To set Rate Sheet Rules on a Rate Sheet:
Expand the Job Cost and Billing Section.
Select Rate Sheets.
Select the Rate Sheet ID to open the Rate Sheet.
Click the Set Rate Sheet Rules… button.
Set your Rate Sheet Rules.
Click Save.
If you would like the billing rate to remain constant, simply establish the same effective rate per hour for each rate type (i.e., Hourly, Daily, Weekly and/or Monthly) back in the main view of the rate sheet