How to set an hourly rate for a project?
To set an hourly rate for a project:
- In your dashboard, go to Projects>Projects
- Click the name of the project or click the three-dot icon under Actions and click Edit Details
- Enable the Billable toggle and click Save Changes
- Click Properties and enter an amount under Hourly rate
Permissions of different member types
The Workspace Owner and Executive Managers can enable the Billable toggle and set hourly rates for all projects. Team Managers can set hourly rates only for the projects of members they manage, though they cannot change the Billable option of any project.
To make any finance-related changes, managers will need to have their Show hourly rate toggle turned on in Members>Billing. To enable this:
- Go to People > Members
- Click the three-dot icon under Actions and click Edit details
- Click Billing and enable the Show hourly rate toggle
Choosing how a rate change will take effect
When changing hourly rates, the tracker will ask whether to:
- Change the hourly rate starting from a certain date in the past or the future
- Change the hourly rate for all past and future time entries
Use the second option with care, as any reports or invoices you’ve generated previously will be affected with the change.