Using Company Contracts
Which rate will Project Insight apply to your Actual Rate and Billable Rate fields on the project task list, project dashboard and task reports?
It's determined by where you put the burden rates and bill rates. PI selects burden and bill rates separately from each other, so follow the flow for each rate.
Time Entries can be added at the Company, Project, and Task level. You can restrict your users to not allow Company or Project time entries, but that's a different article called Time Entry Sheet Settings.
Because you can add Time Entries to three levels of Project Insight, there are three possible rate flows depending on where you are adding time:
Company Time Entries
Project Time Entries
Task Time Entries
Please note, if you do not plan to use Company Contracts then your choices for to find a rate are much simpler. Follow these links see how Time Entry Rates are calculated when NOT using Company Contracts.