| Fee Rate Table Method |
Tabs3 allows you to create a fee rate table for each client. This table consists of a list of timekeepers with one rate per timekeeper. If a timekeeper's rate changes, a new rate can be specified along with a cut-off date that indicates which transactions entered from this point forward will use the new rate. There is no limit to the number of timekeepers that can be included in the rate table. This table is created via the Fee Rate Table button on the Rates tab of the Client matter. Creation of fee rate tables is entirely optional. You can add rates for any or all of the timekeepers who are working for the client.
When defining a fee rate table, you can define a new table from scratch, use an existing table as a basis for a new rate table, or share an existing fee rate table. When using fee rate tables for clients with multiple matters, you can set up a separate table for each matter, or you can assign a shared fee rate table. Allowing separate rate tables gives you the flexibility of having different billing rates for each matter. However, it is easier to maintain shared fee rate tables.
When adding a fee transaction, Tabs3 checks to see if a fee rate table exists for the client and then checks to see if a rate has been assigned for the timekeeper. The fee rate table takes precedence over any other method of determining the default billing rate for a transaction.
| See also: | Fee Rate Tables Overview |
| How Tabs3 Selects the Default Billing Rate |