What are Cost & Billing Rates?
Written by:
Clarizen
6/28/2009 12:00:00 AM
Clarizen calculations incorporate two types of rates:
- Cost rate – defines how much 1 hour of working resource costs the company
- Billing rate – defines the price paid to the company (by the customer) for 1 hour of working resource
Regular (standard) and, if needed, overtime rates can be defined for each of the two rate types.
Billing rates are used for calculations of the project prices based on the timesheet reports.
Note:
Please, note that in the organization that works with multiple currencies support, values of rates can be accompanied by the corresponding currency code in case it differs from the organization currency (see Monetary Field section for details).