I've got the steps you're looking for, rbalgowa.
You can modify the billing rate by following the steps:
- Go to Expenses > Vendors.
- Look for the contractor's name and select it.
- Click the Edit button located in the upper right corner.
- In the Vendor Information window, change the Billing rate.
- Click Save.
Here's a sample screenshot for a visual guide:
You can also check out this article for additional information: Vendors Overview.
Please let me know if you need anything else. I'm just a few clicks away. Have a good day!