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Time code Billing Rates
If the company billing model is Time-code based, the bill amounts are computed from the rates defined against the Time codes. You can specify either a Regular rate or an Overtime rate. Rates defined at a company level can be overridden at the project level.
When the rate on a Time code is changed, it is applied to all new and saved time entries. Any time entries that are in pending approval, approved, or invoiced are not changed.
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