Fixed Rate Billing came so close...

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  • Last Post 14 December 2018
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Joe posted this 13 December 2018

I have been waiting for a long time for the promised Fixed rate projects. Unfortunately, it missed the mark again.
I have regular types of services I perform, the fixed rate amount of each are on an event by event basis (think varied day rate based on specific job).  I need to be able to say "on this instance of <project> the cost is <fixed Amount>.  When I do the same project tomorrow, it will likely be a different amount.  I do not want to have to create hundreds of projects a year that are only good for a single day just to be able to track the $$.

You're half way there - now just let us enter the actual amount with the time entry.

 

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Aleksandr Serdyuk posted this 14 December 2018

Well, you may introduce a concept similar to an academic hour. Lets say, you a "concert" work type with a $50 hourly rate.

In your example, for the first show you need to create a 1-hour time entry with "concert" work type. And for the second one you need to create a 6-hour time entry. If you have only one work type for the project you may simply assign $50 hourly rate to the project.

Does above suggestion make sense?

 

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Joe posted this 14 December 2018

Not quite.

One of my business lines is concert production. I may have 10 shows a month at a particular venue. Some shows are easier or require less prep than others, so the day rate is negotiated for each one. It is not based on hours, it is contracted dollars but may vary from $50 to $800. It would be unpleasant to have to create a project for each possibility in that range, or for each particular day.

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Aleksandr Serdyuk posted this 14 December 2018

Indeed, we've added fixed-fee-for-the-whole-project billing, and not the one you're describing.

I'm not sure I fully understand your case, but it seems like you should use hourly rates.

 When I do the same project tomorrow, it will likely be a different amount.

It's likely that the amount you want to bill depens on the time you spent doing the job or the "value" of the task done.

I suggest using work types with different rates. This way you can invoice your clients incrementally within one project's scope.

 

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