Financial Administration › Financial Matrices › How to Set Up Cost/Rate Matrices

How to Set Up Cost/Rate Matrices

The matrix rows govern the whole rate structure to cover all the scenarios. You can set up one rate matrix for a project and another matrix for the other projects.

Use the following process to set up your cost/rate matrices:

• Create the cost/rate matrix.
• Assign columns to the cost/rate matrix.
• Add rows to the cost/rate matrix.
• Effect a rate increase for cost/rate matrix.
• Copy cost/rate matrix rows.