Rate Sets

Understanding Rate Sets in Liradocs

Rate Sets in Liradocs allow firms to define hourly billing rates for their staff members. These rates are used when recording time entries and generating invoices, ensuring that billing is calculated accurately based on the work performed.

By creating rate sets, firms can assign specific hourly rates to different staff members according to their roles, experience, or billing agreements.

Why Rate Sets Are Important

Accurate billing is essential for any professional firm. Rate sets help ensure that the correct hourly rates are automatically applied when staff log their time against a matter.

Using rate sets in Liradocs helps your firm:

• Assign hourly billing rates to staff members

• Maintain consistent billing across matters

• Ensure accurate time-based invoicing

• Manage different billing rates for different team members

• Simplify the billing and time-tracking process

Automated Billing Accuracy

Once rate sets are configured, Liradocs automatically applies the correct hourly rate when a staff member records time. This reduces manual calculations and minimizes billing errors, helping your firm maintain reliable financial records.

Rate sets can also be updated when billing rates change, ensuring that future time entries reflect the correct rates.

Learn How to Manage Rate Sets

In the guides within this section, you will learn how to manage rate sets in Liradocs, including:

• Creating new rate sets

• Editing existing rate sets

• Adding or removing staff members from a rate set

• Updating hourly billing rates

Select a guide below to learn more about each feature.