Hourly task rate
Hourly staff rate
Hourly project rate
Flat Project Amount
Flat Amount for tasks
Staff Day Rate
Task Day Rate

A “Project billing method” is a way in which your project costs will be calculated and invoiced to your clients.
You can choose or change a project billing method on the “Update Project” page.
Very important:  You will not be able to change the project billing method after the creating an invoice based on this project’s expenses (more details here).

There are four types of billing methods:
* Hourly task rate – the amount of logged hours multiplied by task rates
* Hourly staff rate – the amount of logged hours multiplied by staff rates
* Hourly project rate – the amount of logged hours multiplied by project rate
* Flat project amount – the fixed cost of a project, which doesn’t depend on the number of hours logged.

Hourly task rate

Choose this method and you will see your tasks rates in the tasks list as it follows:

By default, it’s the task price which is taken from the Update Task pages (Sales -> Products List -> My Tasks -> “Price” field on the Update Task page).
However, you can manually edit it here – just enter a new rate instead of the default one. This project’s price will be calculated as logged hours (by project members) multiplied by related tasks rates. To learn more about “How to invoice the project”, click here.

Hourly staff rate

When you choose this method, you will see your project members’ rates in the member’s list:

By default, it’s a rate taken from the “Edit Staff” pages (Contacts -> Staff -> “Rate” field on the “Edit Staff member” page), but you’re free to manually edit it at any time – just enter a new staff rate instead of the default one.
This project’s price will be calculated as logged hours (by project members) multiplied by related members’ rates. Read here more about “How to invoice the project”.

If you want to change the hourly rate, without changing the rate in already tracked time, follow these steps:

The hourly rates affects all hours which are not billed (invoiced). You need to create an invoice that includes all hours that shouldn’t be affected by the new rate. Whether the invoice will be sent immediately or you set a longer due date – it is your decision. The last invoiced (billed hours) is the moment for the rate change.

• All hours already charged keep the old hourly rate.
• All hours not charged will receive the new hourly rate.
• If you delete or cancel an old invoice, the hours will be released again and charged to the current (new) hourly rate.

Hourly project rate

This method will allow you to enter one rate for each of the hours logged to this project:

A project’s total price will be calculated as a sum of logged hours (for this specific project) multiplied by the project’s rate.

Flat Project Amount

When choosing this method, you can enter the final price for a project.

In other words, your project’s price no longer depends on the amount of logged hours or on any rates.
You just have the final project price agreed with your client, which will be invoiced to them.

Note: All hours will be non-billable for flat project amount

Flat Amount for Tasks

This is similar to Flat Project Amount but you set the flat amount for each task in your project. This amount will not depend on the number of hours logged to tasks. Please note that when you select this billing method your tracked hours will be shown as non-billable since you do not invoice the hours but a flat amount.

Note: All hours will be non-billable for Flat Amount for Tasks

If you add “total project cost” as budget method, the task “flat amount” will be summed up and will create the total budget automatically:

Staff Day Rate

The “staff day rate” interacts as a full day rate or half day rate. The billing is based on the daily rate of the staff. Find more infos here.

Task Day Rate

This billing method interacts as a full day rate or half day rate. The billing is based on the daily rate of a daily Task summary . Find more infos here.