ProjecTime Billing Rate Concept

There are four different types of billing rate types configurable at the project level. Billing rate can be defined with its applicable date range with complete history. The timesheet then picks billing rate based on time entry date from the billing rate history defined at the employee level, project role level, or project employee level.

When you set up a project, you will do the following in addition to setting the basic project characteristics.

1. Select type of billing rate pick option in Project from one of these options
   
   1. Use employee own billing rate TimeEntry will pick employee own billing rate defined in Employee form.
   2. Use Project Roles billing rate TimeEntry will pick role based billing rate defined in Project Roles configuration.
   3. Use Project employee billing rate TimeEntry will pick the project-based team member billing rate defined in Project Team
   4. Use task-based billing rate TimeEntry will pick the billing rate defined in individual project tasks.
2. Define the rates to be used for the project
3. Assign a Project team and associate rates with each team member
4. Specify Billable during adding of new task to separate billing and non-billing time recording for billing purposes.
   

The Relationship Between Rates, Billing, & Timesheet

It is very important that you understand the relationship between project rates, project billing options, and users’ timesheets. Because the billing amount for a project is calculated based on the project rates and the time entered against the project by each member of the project team, you want to make sure that you set up the project effectively. Please note that if the Task is not billable, Billing rates will not be reflected against the Time entries.

Remember that when you set up a project, you define the rates to be used for the project. You also assign a project team, associate rates with each team member, and specify billable and non-billable for each of the task.