Year End Close Wizard – Increase Staff Rates Options

When you are performing a year end close and have selected the Add a percentage increase to standard and work code rates box, you need to select the increase staff rates options for next year.

All Staff rates

Select the All Staff rates option to change the standard rates and the rates for the individual rates per staff.

By Staff position

Select the By Staff position option, and click the Staff button to open the Staff Position Rate Increase dialog. The dialog has four headings: Position, Description, % rate change, and Staff List. Change the standard rate for all staff per position. From the Staff List, drill down to the individual staff with that position.

Staff with no position

Set the rate increase for staff with no position.

Effective Date

Set the effective date of the percentage increase. The date the staff rate increase takes effect cannot be earlier than the current period's start date.

Recalculate budget entries with new staff rates

Select the check box to recalculate the staff rates based on the effective date and the selected percentage increase option.

Back

Click Back to return to the Year End Options page if you wish to change the options you have selected for next year's project.

Click Next to go to the Project Year End Options page (if you have selected this option) to leave or delete the budget detail and/or add a percentage increase to the budget amounts.

Finish

If you did not select the option, Create next year's Project from current year's Project, click Finish to complete the year end procedure. Depending on the file option, the wizard will do one of the following:

Tip: For additional help, see the Time QuickVid -Year End Close.