Global charge out rates are system wide defaults and are used when a fee earner does not have a specific rate allocated to them.
The current charge out rates are displayed in the top section.
Rates can be changed at any time by selecting the update charge rate table button.
Rate names can also be customised/ additional rates can be added to your firm's likings by going to settings > appliance settings > time > manage list definitions > charge out rates.
Note that it is possible to backdate the effective date for a rate change.
The bottom section of the page displays upcoming rates, however can be used to search for historical rates by changing the effective after search date.
The Wise Owl acknowledges the fact that your firm may wish to have a saved record of all your charge our rates: past, present and future. As such, a table of all charge out rates is able to be downloaded to Microsoft Excel. To do so select charge out rates > download full rate table. Alternatively select the Download full table button from the global charge out rates page.
A table similar to the following is displayed:
