RATE CHANGES

​If you are planning on rate increases for the coming year, it should be executed as close to January 1st as possible. That way all your time entries for the new year will reflect the change. 
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LABOR RATES might be changing because of raises. 
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CHARGE RATES should increase if Labor Rates go up. 
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STANDARD BILLING RATES should increase if Labor Rates go up, but you might want to increase them in any event. 
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CUSTOM BILLING RATES, where you have implemented them, also might need to increase. Check Reference Guide No. BR-16.
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Here are two articles that explain how to determine rates. 

https://www.architekwiki.com/wiki/architects-financial-model

https://www.architekwiki.com/wiki/your-bof
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Feel free to email me with any questions by responding to this email.