We know that this concept is not often very simple so here is a short explanation to guide you.
🔓 Required permissions
Team: None
Project: View Fees, View Project Members, View Resource Schedule, Manage Resource Schedule, View Budgets, Manage Budgets and Manage Planned Costs.
| Reading time | 1 min |
| Setup length | 2 min |
| Steps | 2 |
The billable hourly rate is set by your agency.
This is the hourly rate sold to the client, based on the role in your agency.
💡 Namely, the hourly rate may vary depending on the project.
To add the billable hourly rate, go to the Collaborators menu on the left > Roles tab.
Click the red eye icon on the right to view rates. Click the underlined number in the Billable Hourly Rate column to edit it. You can set a default rate.
In each project, you can change this rate.
Go to your Project > click on the Settings at the top right in green > then on Roles on the left.
Click the underlined number in the Billable Hourly Rate column to edit it.
💡 What is the difference between the billable hourly rate and the payable hourly rate?
The hourly rate payable is the average hourly cost of all collaborators on the role. The average hourly cost is calculated based on employee contracts. In a way, that's what a collaborator costs the agency.
The billable hourly rate is the hourly rate sold based on the role of the agency, during a client service.