Unable to Edit Project: Please specify a valid rate

Unable to Edit Project: Please specify a valid rate

Hi there,

We have an existing project that I want to specify a budget for. I opened the Edit Project screen and have most fields already set, including the Billing Method (set to Based on Project Hours) and a billing rate.

I then try to change Project Budget to Based on Amount and enter a value of 3000.

When I click the Update button, an error message shows at the top of the Edit Project screen saying 'Please specify a valid rate'.

Would love some help.