Quick Questions: Client Billing Rates

Consulting firms need flexible billing options.  Here we’re answering the question of setting those billing rates for time tracking and client billing.

Set Billing Rates for Each Client

The video shows the most common method of billing — Employee billing rates.  But there are other models you can use, including categories, roles, Option Year Funding, and flat project rates.  Each project can have it’s own billing model.

Fixed-price projects can also bill using milestones.  A common method is one-third at signing, one-third at mid-point, and one-third at completion.  Although this method is not explicitly discussed in this video, you’ll find it in others.

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