What are the various billing methods for projects?

Projects can be billed based on the following criteria:

  • Fixed cost project: When you select this mode, you will specify a fixed cost for the entire project. You will invoice for the project at one shot because the cost is fixed and there can never be any variations in the price, unless you decide to change the cost that was fixed earlier on.
  • Project hours: Here you can set up a cost for every project hour spent and bill based on that.
  • Based on staff hours: When you bill based on this mode, you can set up an hourly rate for each staff associated with the project.
  • Based on the tasks: For each task in the project, you can set up a specific rate.

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