Cost rules apply to all entries and work that cost the organization money.
Note: The maximum allowable value in Cost/Billing Rules (Financial System, Project, Client, Work Type, etc.) is $999,999,999.99, with the following exceptions for rules set at the Project and Task levels:
- Fixed Cost/Billing Rule (Prorating): Maximum allowable value is $9,999,999,999.99
- Fixed Cost/Billing Rule (Flat Charge): Maximum allowable value is $9,999,999,999,999.99
- Fixed Cost/Billing Rule (Tiered): Maximum allowable value is $9,999,999,999.00
The use of Cost Rules can be illustrated as follows:
Example: Let's assume you are the owner of ACME INC.; two thirds of your employees are at the same pay level (for example, 20$ an hour), while the remaining third is at higher levels, and those levels are not necessarily uniform. Typically, you would have to set each employee's compensation information individually, even though this would mean repetitive work and vast amounts of wasted time.
You can reduce the load by defining Cost Rules; that is, for two thirds of your employees, you can define a rate called "PayLevelD" equal to 20$ an hour, and apply it to all those employees at that pay level. It follows that you can then define rules for each of your pay levels, and apply them to the employees concerned. For those special cases, you define unique rates, such as "CEOPayLevel", and apply them to one individual.
For further details refer to: