Rate Schedule
A detailed table listing hourly, per-shift, or per-unit rates with currency, rounding rules, and any tiered discounts or overtime multipliers.
A formal rate schedule reduces disputes, standardizes billing and payroll adjustments, supports internal cost controls, and preserves an auditable record of rates, approvals, and effective dates for finance, operations, and compliance teams.
Document ownership commonly sits with operations or finance; ensure signatory authority and retention responsibilities are defined.
Typically the person who verifies machine assignments, validates usage metrics, and approves proposed rates. They confirm technical accuracy and the machine descriptions before submission for finance review.
Responsible for confirming rate calculations, ensuring accounting treatment aligns with company policy, and executing final approval for billing or payroll implementation.
A detailed table listing hourly, per-shift, or per-unit rates with currency, rounding rules, and any tiered discounts or overtime multipliers.
Manufacturer, model, serial number, and any equipment-specific notes used to identify the asset uniquely for audits and maintenance integration.
Define whether charges are per hour, per cycle, per run, or per shift and include measurement method (time clock, meter, supervisor log).
A single effective date and any scheduled rate review or escalation timetable for future changes.
Designated signers, job titles, and signature dates confirming authorization to use and bill the specified rates.
How and when rates are applied to client invoices or internal cost transfers, plus responsible cost centers and invoice codes.
| Field | Configuration |
|---|---|
| Authentication Method | Email link, SMS code, or stronger verification |
| Approval Routing | Sequential or parallel signer order |
| Conditional Fields | Show rate fields only for selected machines |
| Storage Location | Secure cloud folder or document repository |
Ensure the chosen platform preserves tamper-evident records, retention metadata, and signer attribution to meet audit and legal requirements.
Date the new rate takes effect; use MM/DD/YYYY format
If applicable, state required employee or client notice (for example, 30 days)
Align rate changes with payroll cycles to avoid split-period calculations
Retain signed records per retention policy and regulatory requirements
Scheduled review or revaluation frequency (annually, quarterly)
Create rate table and machine list, include calculation notes
Operations and finance verify accuracy and compliance
Authorized signers execute the record and date it
Update systems and notify affected employees or clients
| Criteria | Internal Policy | External Invoice |
|---|---|---|
| Purpose | cost allocation | client billing |
| Signatories | ops and finance | authorized sales or contracting party |
| Rate Visibility | company-internal | public on invoice |
| Enforceability | internal control | contract attachment |
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial, no credit card required | Varies by vendor | Varies by vendor | Trial available | Trial available |
| Bulk Send | Yes (Business Premium) | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes (BAA available) | Yes | Yes | No | No |
Martin Properties moved equipment chargebacks online to avoid in-person signoffs and speed approvals.
Xerox integrated rate schedules into NetSuite to automate cost allocation and invoicing.