Short on Time?

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Time2Grow #1 Damn the paradox! Full speed ahead! Apart  from   time travelers  -  which are a very rare type of people -   we all  get the same  24 hours   a day .  Similarly, monks , hermits and lone wolves are usually the only ones capable of freeing themselves without delay from the most ordinary types of everyday hassles and many other kinds of  not-so-fun   responsibilities. Ain't it cool to shave your head...? So, what does this leaves us with? 😕   Well... with an overwhelming majority of people having exactly the same amount of time in hand as you do , and – most likely – the same unexceptional daily chores and struggles ... Same "stuff", different day... We’re not all that different , although some may try to convince you otherwise. Especially time lords . They’re the worst.  Speaking of which… never trust a time lord .  Have you ever met one?  Full temporal perception … being able to observe the past, the present and the future… in any timestream . Hm

Hourly versus fixed price

The primaERP application is a great tool for everybody who sells their time to their clients. In the Time Tracking module you can measure how much time you spent on your project. In the module Billing you can easily change your time into money. Let us show you how to set individual rates for various clients or projects.

Many professionals prefer to charge a fixed price for the whole contract or a monthly fee regardless the number of working days in the actual month. Have you tracked your time in primaERP? Read how to create bills with fixed prices in primaERP Billing.

Hourly rate

If you want to charge hourly, define your hourly rate in Manage > Activities. Just select the activity and fill in the Price field.

If you use the evaluated activity in your time record, the tracked time  will automatically multiply by the hourly rate and you will see the price for this particular piece of your work.


If the time of billing comes, fo to the Billing module, select the client and press Create bill.


Select the time records that you want to include to the bill and press Add to bill. Than you can save the bill and work with it further.


Various hourly rates for individual clients or projects

Do you have regular customers whom you charge better prices? Do you have different hourly rates for each project? You can manage this easily with primaERP.

It is not necessary to create in Time Tracking big amount of variously priced activities for individual clients. When starting to track your time, it would not be very comfortable to search through a long list of activities like

  • Graphical design for client A for 30 €/hour
  • Graphical design for client B for 40 €/hour
  • Graphical design for client C for 35 €/hour
  • etc.


A much more elegant solution is to just enter the client and/or project and to choose a general type of activity (e.g. graphical design). You can differentiate the individual prices in the module Billing.



In the module Billing go to Pricing > + Hourly rate. Here you can specify prices for various combinations of parameters Client - Project - Activity - Task. If you specify in the record that you do graphical design for client A, the system will count the price for the work based on the price list.

For detailed information about priorities in the pricing and how counting the final price exactly works check the article in primaERP Uservoice.


Fixed price

For charging a fixed price regardless the amount of worked hours start creating a new bill in Billing and add a Manual item.



Using the Manual item you can enter not only fixed prices but also any any costs including travel expenses and material.


If you don't want to have the time records connected to this project displayed as "Time records to bill" on the Billing Dashboard, you can add them to the Bill. In Billing > Pricing set the  he hourly rate to 0, because the price in independent on the amount of working hours.

Now it is up to you how much information about the time records you want to show to your client. In Settings you can add or remove Columns at your discretion. The news in primaERP is that now you can also switch off the column Duration which hides from the client the amount of working hours.


Whether you choose to charge a hourly rate or a fixed price, primaERP gives you the tools to create the bill you need.


Comments

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Ok, than why do worker should work extra hours for low salary? I think it`s no fair.But thing is how much money you can bring working extra hours? Hourly can be more convinient if person has additional work like it said on this Site with reviews of Customwriting.com & also underlined by many people who work for hourly salary. But in other hand it could be better for someone to get fixed price. Don`t know!
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Thanks for your article, it helps me know how to manage time over time, a very useful information!
I prefer hourly rate, much better that fixed price.. thanks for the info.. games.lol
Looks like quickbooks. I think they give the same function.
geometry dash said…
Nice tricks to create bills with fixed prices
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Depending on certain situations, it is very easy to choose the most favorable payment option, since there are no universal recipes for all situations.
I am glad that they were able to provide a real and stable price. Hope it won't be changing during the year or even two.
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RhainneColes said…
Hourly contract: Freelancers and agencies include their rate when submitting a proposal to your project. You can further negotiate this rate during the Check us here interview process. Fixed-Price contract: Freelancers and agencies submit their proposed bid for the entire project and suggest potential milestones.
This is a great thing, I think everyone feels this information is very valuable, thank you
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If you sell 10 pairs of shoes for $ 100, then your sales / revenue will ... sell 5 hours of advice for $ 75 an hour, your sales / revenue is $ 375

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I like how I can record what project and task I am working on so I can refer back when I bill to show what was done.
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This helped me a lot comparing my salary. I bet I agree with hourly rate. Fixed price is a hassle but there is a good benefit in it. but I am not fond with working fast but less accuracy. Thank you for sharing this.
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That is cool they have an app for this.
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It all depends on the industry you're in but you're right in a lot of cases. Mechanics charge for time but appliance repair companies usually charge a fixed price before starting the job.
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Drew said…
Setting this hourly vs fixed rates correctly is great for tow truck services here because some long distance towing jobs are by the distance and the hour while other jobs like a scrap car removal or fixed rates. So very useful to have and know!
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