Hourly Rates – Admin
All users and matters on Thread can be assigned an hourly rate. The hourly rate is applied to activities based on the time a user has spent working on a particular item.
Adding a New Hourly Rate and Value
1. Select the settings tab
on the bottom left of your menu.
2. Under Time & Billing section, select Hourly Rate.
3. To add a new hourly rate, click +Hourly Rate in the top right corner.
4. A pop-up window will appear. Enter the name of the hourly rate and the value.
5. Click Save.
Adding Hourly Rates to Users
Thread requires you to add an hourly rate to all new users when adding them to the application. However, if you want to change or add a new hourly rate to a user you can do this at any time.
1. Select the settings tab
on the bottom left of your menu.
2. Select Team Management then Users.
3. Select a user and click Edit in the top grey pane.
4. A pop-up window will appear. In the Default rate field, choose a rate from the drop-down menu.
5. Click Save.
Adding Hourly Rates to Matter Categories
You can choose a default hourly rate for a specific matter category, which will be applied to all matters created in that category.
1. Select the settings tab
on the bottom left of your menu.
2. Select Matters and then Category.
3. Select a matter category that you wish to add a default hourly rate to and click Edit in the top grey pane.
4. In the pop-up window, click the Default Rate field and choose a rate from the drop-down menu (the menu will show all hourly rates you currently have in Thread).
5. Click Save.
If you need to edit an hourly rate, including the name or the value, you can do this at any time.
1. Select the settings tab
on the bottom left of your menu.
2. Under Time & Billing section, select Hourly Rate.
3. Select the rate you wish to amend and click Edit in the top grey pane.
4. The Edit Setting window will appear. You can edit the name of the hourly rate and the value.
5. Click Save at the bottom.
6. A pop-up will appear notifying you that all existing unbilled time records with this hourly rate will be updated with the new value. Click OK if you wish to continue.
A Log History will show all changes made to the hourly rate value for tracking purposes.
Disabling Hourly Rates
1. Select the settings tab
2. Under Time & Billing section, select Hourly Rate.
3. Select the rate you wish to disable and click Enable/Disable in the top grey pane.
4. The Edit Setting window will appear. Turn the toggle on if you wish to disable this hourly rate.
5. Click Save at the bottom.
Deleting Hourly Rates
Deleting an hourly rate permanently removes it from your Thread application. If you want to remove a rate from a particular user, go to User Management. 1. Select the settings tab
on the bottom left of your menu.
2. Under Time & Billing section, select Hourly Rate.
3. Select the hourly rate you wish to remove and click Delete in the top grey pane.
4. A confirmation window will appear. Click OK.
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