How to Set Up Financial Management › Financial Matrices › Increase the Rate for Cost/Rate Matrices

Increase the Rate for Cost/Rate Matrices

A rate increase affects the entire matrix. At least one matrix row must exist for you to complete this procedure.

Follow these steps:

1. Open the cost/rate matrix.

   The edit matrix rows page appears.

2. Select the box next to the row in which to increase the rate.
3. Click Rate Increase.
4. Change any of the following:

   Rate %

   Defines the percent increase to apply to the rate for the period specified.

   Standard Cost %

   Defines the percent increase to apply to the standard cost for the period specified.

   Actual Cost %

   Defines the percent increase to apply to the actual cost for the period specified.

   Source Date From

   Defines the beginning of the date range for the matrix rows affected by the rate change.

   Source Date To

   Defines the end of the date range for the matrix rows affected by the rate change.

   New Date From

   Defines the beginning of the effective date range for the new matrix row.

   New Date To

   Defines the end of the effective date range for the new matrix row.

5. Click Preview and test the matrix.