On this page, you can view and manage the default hourly cost rates. You can view the existing default hourly rates in a table where the default cost rates are sorted by their effective date. If a cost rate is currently effective, it is displayed with black text color. The previous cost rates will be displayed with grey text color.

Each cost rate row has four columns in the table:

• Effective Date: The date at which this cost rate becomes effective. The cost rate remains effective until the next one becomes effective.
• Hourly rate: The default hourly rate. This value will be the cost for each hour logged in Jira by the worklog author if there is no cost defined for him/her.
• Actions: Edit and Delete action buttons.

The default cost rate will be used in the cost calculation for users who do not have an hourly rate defined in the user cost rates table.

 If no single default cost rate is defined in the Default Cost Rate settings, then the number zero (0) will be used in the cost calculation for users who do not have an hourly rate defined in the user cost rates table.

Add Default Cost Rate

You can add a default cost rate:

1. Click on the Add button in the top left corner
2. Select the Date at which this cost rate becomes effective. The cost rate remains effective until the next one becomes effective.
3. Add a Hourly rate. This value will be the cost for each hour logged in Jira by default.
   1. The value will be in the configured currency in the Rate Settings admin page. 
   2. It must be a positive number.
4. Select Save to finish adding your new cost rate.

Actions

• Edit: You can edit an existing default cost rate.
• Delete: You can delete an existing default cost rate.