diff --git a/client_add_modal.php b/client_add_modal.php
index ab084b5e..00da77b7 100644
--- a/client_add_modal.php
+++ b/client_add_modal.php
@@ -241,7 +241,7 @@
                                         <div class="input-group-prepend">
                                             <span class="input-group-text"><i class="fa fa-fw fa-clock"></i></span>
                                         </div>
-                                        <input type="text" class="form-control" inputmode="numeric" pattern="[0-9]*\.?[0-9]{0,2}" name="rate" placeholder="0.00">
+                                        <input type="text" class="form-control" inputmode="numeric" pattern="[0-9]*\.?[0-9]{0,2}" name="rate" placeholder="0.00" value="<?php echo "$config_default_hourly_rate"; ?>">
                                     </div>
                                 </div>
 
diff --git a/get_settings.php b/get_settings.php
index 783681ee..e3138317 100644
--- a/get_settings.php
+++ b/get_settings.php
@@ -36,6 +36,7 @@ $config_default_payment_method = $row['config_default_payment_method'];
 $config_default_expense_payment_method = $row['config_default_expense_payment_method'];
 $config_default_calendar = intval($row['config_default_calendar']);
 $config_default_net_terms = intval($row['config_default_net_terms']);
+$config_default_hourly_rate = floatval($row['config_default_hourly_rate']);
 
 // Invoice
 $config_invoice_prefix = $row['config_invoice_prefix'];
diff --git a/post/setting.php b/post/setting.php
index c877999c..bba3113a 100644
--- a/post/setting.php
+++ b/post/setting.php
@@ -265,8 +265,9 @@ if (isset($_POST['edit_default_settings'])) {
     $transfer_to_account = intval($_POST['transfer_to_account']);
     $calendar = intval($_POST['calendar']);
     $net_terms = intval($_POST['net_terms']);
+    $hourly_rate = floatval($_POST['hourly_rate']);
 
-    mysqli_query($mysqli,"UPDATE settings SET config_start_page = '$start_page', config_default_expense_account = $expense_account, config_default_payment_account = $payment_account, config_default_payment_method = '$payment_method', config_default_expense_payment_method = '$expense_payment_method', config_default_transfer_from_account = $transfer_from_account, config_default_transfer_to_account = $transfer_to_account, config_default_calendar = $calendar, config_default_net_terms = $net_terms WHERE company_id = 1");
+    mysqli_query($mysqli,"UPDATE settings SET config_start_page = '$start_page', config_default_expense_account = $expense_account, config_default_payment_account = $payment_account, config_default_payment_method = '$payment_method', config_default_expense_payment_method = '$expense_payment_method', config_default_transfer_from_account = $transfer_from_account, config_default_transfer_to_account = $transfer_to_account, config_default_calendar = $calendar, config_default_net_terms = $net_terms, config_default_hourly_rate = $hourly_rate WHERE company_id = 1");
 
     //Logging
     mysqli_query($mysqli,"INSERT INTO logs SET log_type = 'Settings', log_action = 'Modify', log_description = '$session_name modified default settings', log_ip = '$session_ip', log_user_agent = '$session_user_agent', log_user_id = $session_user_id");
diff --git a/settings_defaults.php b/settings_defaults.php
index 7bb782be..56de643c 100644
--- a/settings_defaults.php
+++ b/settings_defaults.php
@@ -197,6 +197,16 @@ require_once "inc_all_settings.php";
                 </div>
             </div>
 
+            <div class="form-group">
+                <label>Client Hourly Rate</label>
+                <div class="input-group">
+                    <div class="input-group-prepend">
+                        <span class="input-group-text"><i class="fa fa-fw fa-clock"></i></span>
+                    </div>
+                    <input type="text" class="form-control" inputmode="numeric" pattern="[0-9]*\.?[0-9]{0,2}" name="hourly_rate" value="<?php echo number_format($config_default_hourly_rate, 2, '.', ''); ?>" placeholder="0.00" required>
+                </div>
+            </div>
+
             <hr>
 
             <button type="submit" name="edit_default_settings" class="btn btn-primary text-bold"><i class="fa fa-check mr-2"></i>Save</button>