(Statement charges only)
The rate you charge for the work or service you performed. QuickBooks fills in the rate for you when you enter the name of the item. You can change the rate here in the register if you want to charge the customer a different rate.
This is the amount you entered when you set up the item. Changing the rate in the register DOES NOT change the item's original price. The change applies ONLY to the statement charge you are entering.