Do I have option to set fixed price for my project?

Updated on September 14, 2016 02:11AM by Admin

Projects App provides many different forms of billing a project, by milestone, flat fee, or time and expenses. Project flat fee allows you to set a "Project Base Fee".
To get started, first you'll need to configure the Projects settings.

Create a project with Flat Fee

  1. Log in and access Projects App from your universal navigation menu bar. 
  2. Click on "Create a Project" to create a new project.
  3. Choose the billing method as “Project Flat Fee”.
  4. Enter project base fee.
    billing method creation
  5. Click on “Create” button to complete.
  6. You can view the created project with a "Project Budget" section as shown in the image below:
    budget

Project Budget section involves

  • Billing Method – Method of the project billing i.e "Project Flat Fee method".
  • Project Total Fee – The total fee for a project based on a project base fee.
  • Amount Invoiced – Amount has been invoiced already.
  • Amount To Be Invoiced – Amount needs to be invoiced.
  • Project Base Fee – The amount approved by the customer.

Note: You cannot change or update the currency of the project base fee or estimated costs in Projects App, but you can update the billing information in Invoices App.