Billable tasks can be set up in different ways to manage typical contracts and billing scenarios, such as:

• Time and materials based work where you are paid by the hour for work performed for a client, plus expenses
• Fixed fee work with a fixed single or multiple/milestone payments when completing or throughout the delivery of the task or project
• Performance based work where fees are calculated based on what you output not the hours you input. For example a price per ticket, per new hire (for recruitment consultants), per web-page (for web-site developers) or per story-point (for mobile app developers using Agile)
• Monthly recurring fees including a monthly retainer which normally pre-pays up a specific block or number of hours each month
• Cost-plus fees for Govt. contracts where you can recover costs plus a negotiated profit margin and overheads

Click here for more information on contract/project fee calculations.

Time and materials tasks are assigned a task type (1) which is billable but not fixed rate or quantity based. Revenues are calculated based on planned (2) or actual (3) hours for each task resource multiplied by the applicable billing rate for that resource on that project. Click here for more information on setting up project resource billing rates.

Fixed price or tasks priced based on performance or output are assigned a task type (1) which is fixed price and support the maintenance of planned and actual task delivery quantities and units (2).

• The Planned Quantity (2) specifies how much you intend to deliver to your client with this task. The planned revenue (3) is calculated as the planned quantity times the service price
• The Actual Quantity (4) specifies how much you actually delivered to your client until now on this task. The actual revenue (5) and what is picked up in billing is calculated as the actual quantity times the service price. It is important to maintain the actual quantity on fixed price tasks before billing
• The T&M Revenue (6) displays the equivalent T&M revenue that you would have earned on this task if it were set up as a time and materials task. It is calculated the same way as with time and materials tasks, based on planned or actual hours multiplied by each resource's billing rate. It requires that billing rates for resources are maintained on the project.

You can maintain your performance based deliverables using any unit of measure that you defined in your product or service assigned to the task.