Setting the number of decimal places for Invoice Rates allows you to track rates that use fractions of a cent.

Even though this is particularly useful for Collaborati, you can only set decimal places for invoice rates through TeamConnect setup.

Q: How do I set decimal places for Invoice Rates?

A: Setting the number of decimal places for Invoice Rates allows you to track rates that use fractions of a cent.

In TC 3.3 SP2, this is done in TeamConnect Setup. You will need Setup rights to see this. If you do not currently have Setup rights, you will need to speak with an administrator.

1) Click the Setup link above the global search on the top right corner of TeamConnect. 

2) Choose "Object Definitions" from the "Go to…" drop-down menu.

3) Expand the "Invoice" Object Definition

4) And choose "Line Item" 

5) Select the "Expense Categories" tab

By clicking on the "Round expense rates to" dropdown menu seen in the above screenshot, you can specify the system-wide setting for the number of decimal places to use for invoice line item expense rates. The available values are 2, 3, 4, and 5 places after the decimal. The default value is 2.

In this way, you can set more precise expense rates.

In TC 3.3 SP3, this is done through the Admin tab of the TeamConnect UI.

1) Click on the Admin tab. Click on the Admin Settings subtab. 

2) Click on Invoices. Now, under the Invoice Line Items Display section, you can specify the system-wide setting for the number of decimal places to use for invoice line item expense rates. The available values are 2, 3, and 4 places after the decimal. The default value is 2.

In this way, you can set more precise expense rates.