• Miscellaneous Questions and Answers
• Company Profile
• Work Codes and Classifications
• Using abbreviations versus full descriptions in Time
• Interest Charges
• Time and Expense Entries
• Recalculating
• Further Questions and Answers

Recalculating

Question

What does a recalculate do?

Answer

A recalculate makes changes to the staff rates and surcharges retroactive to the beginning of the current active period.

Time looks at the current period and future time and expense transactions, comparing the staff rate in the transaction to the staff rate in the staff table. It takes into account the effective date. If the rate has changed it changes the rate in the transaction. This recalculates the amount based on the new rate.

Changing staff rates normally affects only the time entered from that point forward. However, if the rate change is made part way through the period, it may be necessary to make the rate change retroactive to the beginning of the period for all transactions entered during that period. This process recalculates only unbilled transactions for the current period forward.

Approved time does not change.

Note: The recalculate command will not affect any time or expense transactions that have an inactive work code.