Welcome to Day Seven of InEight’s 10 Days of Feature Favorites. I’m Crystal Gerstel, Product Manager for Billings at InEight, and today I’m highlighting a feature designed to help teams correct billing rates quickly, accurately, and at scale, eliminating the downstream confusion or manual rework.
Feature: Retro Rate Adjustments in Billings
Product: InEight Billings
Where to Find It: Billings → Processes → Retro Rate Adjustment
I love this feature because it allows a project to retroactively modify billing rates in mass, updating or correcting labor or equipment hours that were billed to the customer using incorrect billing rates. The mass update automatically credits and debits all the records in the system that were incorrectly issued to the client, allowing the project to issue the adjustments easily. This helps ensure quick approval turnaround and, in turn, maximizes revenue recognition.
Question for the Community: What new opportunities have you unlocked when rate corrections can be handled in a single, guided process?
