A list of Bill Rates can be created and assigned to Members within the organization. Bill Rates are used in Hourly Projects or Phases, where fees are calculated based on hourly rates. The page displays only the Rates associated with the selected Currency.
To learn more please refer to this article
How to add Team Currency?
Navigate to Organization Settings > Standards > Rates Page. Click the Currency dropdown at the top.
From the dropdown menu, choose + New Currency.
If only one Team Currency is currently set, this step will be skipped automatically.In the search field, enter the currency name or three-letter code (e.g., USD, EUR) to locate the desired currency. Click the + icon next to the currency to add it.
Select Add to confirm.
The newly added currency will now appear in the Currency dropdown menu.
How to remove Team Currency?
Click the Currency dropdown located at the top of organization settings > standards > Rates page.
Hover over the currency to be removed and click the X icon that appears.
If the Rate associated with the currency is currently used by a project, the currency will be archived instead of deleted. In this case, click Archive in the confirmation modal to proceed.
Archived currencies will be visible in the Add Currency dropdown with an "Archived" label and can be re-added if needed.
How to add a Standard Rate?
Select the desired currency from the top Currency dropdown menu.
Rates can share the same description across different currencies; however, within the same currency, each Rate description must be unique.Click +Rate on the top.
Enter the Rate amount and a description, then click Add to create the Bill Rate, or click Cancel to discard the entry.
The newly created Rate will appear in the list, sorted in alphabetical order.
Modify Standard Rates
Select the desired currency from the top Currency dropdown menu.
Click on the desired Rate from the list.
Edit the Rate amount and description as needed. Click Save to apply the changes, or Cancel to discard them.
To archive the Rate, click Archive.
Updating a Rate will automatically apply the changes to all Members currently assigned to that Rate.
Unarchive Standard Rates
Scroll down to see archived Rates.
Click the Rate.
Click Unarchive on the modal.
The Rate will be unarchived.