This is how we calculate fee-based budget usage for both Fixed Fee and Time & Materials projects. If you choose to budget in fees, don’t forget to enter billable rates on your project! We use billable rates to calculate how much of your budget remains.įor example, if you track 2 hours at $100 per hour, you would have used $200 of your available budget. Fees per task: You can set a monetary budget for every task on your project.This is the only budget type that lets you include expenses in your budget.Total project fees: You can set one monetary budget for your entire project.You can’t set fee budgets on Non-Billable projects (since those projects don’t have billable rates).
You can set fee budgets on Time & Materials projects and Fixed Fee projects. Setting fee budgetsįee budgets allow you to budget in money. This is different from entering 0 in the field-in that case, any time tracked will immediately show that the person/task is over budget. If you choose to budget per person/per task, don’t forget to enter each person/task budget in the Team/Tasks section of your project form! If you leave a person/task’s budget field blank, their hours won’t count against the budget.
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If you prefer only billable hours to count against your budget, head to Settings > Preferences and update your Project budget setting. By default, both billable and non-billable hours count against total project hours budgets.Total project hours: You can set one hourly budget for your entire project.You can set an hourly budget for any project in Harvest. On the edit page, look for the Budget dropdown in the Project type section. To set or edit budgets, head to Projects, click the Actions menu for any project, and choose Edit. The budget information reveals whether your project is progressing as expected, can help you anticipate potential problems, and gives you the insight to budget future projects more accurately. You’ll be able to see how much of your project's budget has been used and how much remains, and you can even set email alerts to help your team know a certain amount of the budget has been used.
You can budget a project in either hours or fees, and you can also have the budget automatically reset each month. Setting a budget is a great way to track a project’s progress.
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