Difference between Hourly Cost and Current Hourly Cost
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Hourly Cost rate is used for reporting purposes to determine project costs. Web TimeSheet tracks project costs, based on the user’s hourly cost rate and the hours they worked on the project. You can run reports, such as the Project Status Summary report, to compare the costs against estimates. Current Hourly Cost shows the current hourly cost of the employee whereas Hourly Cost shows the first hourly cost applied for the user with an effective date.