Considerations for Setting Up a Billing Rate and Markup Table

You can use either of these approaches to establish billing rates in billing rate and markup tables:

• Rate override.

• Markup amount or percentage.

To create a billing rate override, you define a specific billing rate that is higher than the normal employee rate. To define a cost markup, you enter a percentage value that the system adds to the normal rate.

Complete this information in the header:

Generation Type

Enter P (recharge rate).

Key Type

Enter 6 (job or business unit), or any other valid key type.

Table Key

Enter the recharge business unit, or any other valid table key.

Complete this information in the detail area:

• Object From and Object Thru.

• Markup Amount, Markup Percent, or Markup Rate Override, according to your business needs.

Note: Although you can access the Component Table program (P4860) from the Billing Rate/Markup table program (P48096), multicurrency time accounting does not use the Component Table program.

See Setting Up Billing Rate and Markup Rules.