Billing templates allow you to pre-define billing time and expense rates. Billing templates are used whenever an action is marked as "Is billable?"
|
|
Billing Templates allow you to define different billing profiles that can be used whenever a chargeable (billable) action is performed on a job |
There are 2 types of billing templates - fixed price, and cost per time. Use the Billing template detail screen to configure as many billing templates as your billing and financial needs require.
When a billing template is configured as a cost per time, or interval based, you need to specify how to round the interval.
For example:
The billing template shown above is configured to be time interval based where every hour = $100
The following chart displays how each rounding option affects the calculated price for this billing template. In this example, the time taken for an action is 45 minutes.
| Round up | $100 | 45 minutes rounded up to 1 hour |
| Round down | $0 | 45 minutes rounded down to 0 hours |
| Nearest | $100 | 45 minutes is closer to 1 hour than 0 hours, so 1 hour is chosen -effectively rounding up in this example. |
| Exact | $75 | 45 minutes is 3/4 of 1 hour, there 3/4 of $100 is $75 |