Pricing Methods for Items

It is possible to use different Pricing methods for Items as follows:

Hourly Rates

The hourly rate for labor or expenses can be based on the rate set for each employee. When using this method, the employee rate is automatically used for all labor or expense charges added. The hourly rate of each employee should be determined by their skills and role. These rates are set in the New Employee window or on the Employee tab when viewing employee details.

 
Note that you may use Custom Pricing to set fixed hourly rates for specific employees, all employees, for specific Accounts or Contracts. You can read more about custom pricing in the Custom Pricing section.

Fixed Price Items

Use fixed labor rates when charging for labor or expenses on a per-service basis rather than on an hourly basis.

For example, you can have fixed-rates for specific services, such as $50 for printer setup, $60 for PC examination, $1,000 for server installation, etc. In these cases, time does not affect the final charge.

Use the following settings when you want to charge a fixed price for Labor Items: Price Source='Fixed Price' and Price='Per Unit'.

 
Note that in addition, you can set fixed prices for Items using Custom Pricing, which defines the custom pricing for specific Accounts or Contracts. You can read more about custom pricing in the Custom Pricing section.

When you need to charge a fixed hourly rate regardless of which employee has performed the work, you should use labor or expense Items with the following settings: Price Source='Fixed Price' and Price='Per Hour'.

When adding new charges with these settings, the hourly rate which was set for the Item will be used for the Charge.
 
Note that you can also use Custom Pricing to set a fixed hourly rate for specific employees for specific Accounts or Contracts. You can read more about custom pricing in the Custom Pricing section