This field is used to specify the effective date for material billing rates. This allows new material rates to be defined ahead of time, while preserving the current rates until the new ones are in effect. When initializing billings, or adding JC transactions to existing billings, the effective date determines which rates to use. Material transactions with “actual” dates prior to the effective date will be billed at the old rate, whereas transactions with “actual” dates on or after the effective date will be billed at the new rate. If an effective date is not specified, the new rate is used and the old rate ignored.

Date Field Shortcuts

T or t	Set the date to the current date.
MMDD Four digit month and day	Enter a four digit month and date (MMDD) and the system will automatically add the current year.
+	The system will automatically set the date to tomorrow.
+5	The system will automatically set the date to 5 days in the future. You can actually enter any value after the +, for example you can enter +7 to set the date to next week.
-	The system will automatically set the date to the previous day.
-5	The system will automatically set the date to 5 days in the past. Just like with +, you can enter any value after the -, for example you can enter -7 to set the date to the previous week.

JB T&M Template Setup