Set general hourly rate for a specific project
Created by: Maximilian Fleckner
Modified on: Tue, 6 Jul, 2021 at 10:10 AM
As an administrator of a workspace, you can set an individual flat hourly rate for each project in your workspace. This is also possible for the respective Project manager.
The hourly rate you define applies to all time entries that are posted to the corresponding project as billable and is thus interpreted as earnings of the respective project or employee.
When a general hourly rate and an individual hourly rate for the team member are stored in the workspace, these are overwritten by the specific project hourly rate and always applied to all project members within this project, if not defined again individually differently on the project member level.
Below you will learn in detail how to set the hourly rate for a specific project:
#01 Set general hourly rate for specific project
First, go to Projects via the navigation on the left side.
Here you click the 3-dot menu to the right of the project whose hourly rate you want to define.
Select Edit from the context menu.
Under Hourly rates you will find a toggle that you activate by moving it from right to left, thus enabling the Hourly rates feature for this project.
Now click into the Hourly rate input field and enter the amount here, that should apply to all billable times booked on the corresponding project (e.g. "122,50" or "210").
Finally, click Save Changes to save the settings you have made.
In our next article here, you will learn how to set an individual hourly rate for a specific project member, which will override the specific project hourly rate, the team member's individual hourly rate, and the general hourly rate for the workspace if the case arises.
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