CUSTOM SOLUTIONS

Time-Based Billing Rates

Time-Based Billing Rates

Time-Based Billing Rates

Effective-Dated Rate Management

Effective-Dated Rate Management

Effective-Dated Rate Management

August 4, 2025

4 min read

The Challenge

The Challenge

Billing rates change over time, but applying the right rate for the right period is complicated. When rates increase, work performed before the increase should bill at the old rate. Managing this manually leads to billing errors.

Billing rates change over time, but applying the right rate for the right period is complicated. When rates increase, work performed before the increase should bill at the old rate. Managing this manually leads to billing errors.

The Solution

The Solution

We implemented effective-dated rate management so billing calculations automatically apply the correct rate based on when work was performed, not when it's billed.

We implemented effective-dated rate management so billing calculations automatically apply the correct rate based on when work was performed, not when it's billed.

How It Works

How It Works

Rates are stored with effective date ranges. When charges are calculated, the system looks up the rate that was in effect when the work occurred and applies it correctly—even for work spanning rate changes.

Rates are stored with effective date ranges. When charges are calculated, the system looks up the rate that was in effect when the work occurred and applies it correctly—even for work spanning rate changes.

Results

Results

Correct rates applied automatically based on work date

Clean handling of rate changes

Reduced billing disputes over rate timing

Accurate historical billing analysis

Ready to Work Together?

Ready to Work Together?

Ready to Work Together?

Let us talk about your NetSuite challenges and how we can help. No pressure, no sales pitch. Just a straightforward conversation.

Let us talk about your NetSuite challenges and how we can help. No pressure, no sales pitch. Just a straightforward conversation.

Author

Michael Strong

Michael Strong

Founder & Principal Architect

Founder & Principal Architect

Tags

Custom Solutions

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