| Timekeeper Level Method |
The Timekeeper Level method uses the Level field assigned to each timekeeper in the Timekeeper file. The Level field is user-defined and is a number from 1 to 9. For example, senior partners may be assigned a level of "1," partners may be assigned a level of "2," associates may be assigned a level of "3," paralegals may be assigned a level of "4," etc.
The Timekeeper Level method is assigned on the Rates tab of the Client file. You have the option of assigning an hourly billing rate to each level or assigning a Billing Rate Code to each level (you can choose one or the other, but not both). The Timekeeper Level Type specified determines which method is used.
| Rate | If Rate is specified for the Timekeeper Level Type, you will be allowed to enter an hourly billing rate for each timekeeper level (1-9). This gives you the opportunity to define similar types of timekeepers as having a rate unique to each level. For example, all timekeepers with a Level of "1" will be billed out at the rate specified for Level 1. All timekeepers with a Level of "2" will be billed out at the rate specified for Level 2, etc. If a rate of $0.00 is entered, then the Billing Rate Code from the Client file is used to determine the default billing rate. |
| Code | If Code is specified for the Timekeeper Level Type, you will be allowed to enter a billing rate code (0-9) for each timekeeper level (1-9). This gives you the opportunity to define similar levels of timekeepers as having a particular billing rate code. A code of "1" thru "6" indicates that the corresponding rate for the timekeeper from the timekeeper file will be used (i.e., code "1" refers to rate #1, code "2" refers to rate #2, etc.). If the code is "7," then the rate will be taken from the transaction code file. If the code is "8," then the rate will be calculated from the amount assigned in the transaction code file. If the code is "9," then the rate from the Hourly Rate field in the Client file will be used. If the code is "0," then the billing rate code from the Client file will be used to determine the default billing rate. |