Fourth Quarter 2023 Financial Management enhancements

Last update: January 17, 2024

CREATED FOR:

  • User

This page describes all Financial Management enhancements made with the Fourth Quarter 2023 release to the Preview environment. These enhancements were made available in the Production environment with the 23.10 release.

For a list of all changes available at this point in the Fourth Quarter 2023 release cycle, see Fourth Quarter 2023 release overview.

Date effective cost and billing rates

NOTE
These features were released to the Preview environment on June 29, 2023. The date effective cost and billing rates for companies, users, and job roles will be available in the Production environment with the 23.10 release. Additional financial management features such as rate cards remain available in Preview and will be released to Production at a later date.

Date effective cost and billing rates are now available on the company, user, and job role objects in Workfront. When date effective rates are applied to a project, and hours are logged on project tasks, the costs and revenue are calculated using the specified rates for each time period.

For more information, see Edit a user’s profile, Create and manage job roles, and Overview of Billing and Revenue.

View a video demonstration of this feature.

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