TMetric Update: Fixed Fee Projects and Recurring Budgets
Recurring budget for projects
Our newest feature of recurring budgets makes managing projects and controlling budget execution less time-consuming and more efficient.
Project Settings, locate the Budget section and check the type of budget you need. If your project budget can be broken down into recurring periods of time, choose Daily, Weekly, or Monthly to define the type of recurring budget. You decide what works best for you.
Support for fixed fee projects
Now, you can analyze your budgets for Fixed Fee Projects.
This way you can account for the incurred costs against the budget to get the real picture and see the profitability of your work.
Now, the precision of budget calculations for the projects along with flexibility in choosing budget types reaches a new level.
Track budget spending using cost rates
To allow more flexibility in defining your budget, we now offer our Business Plan subscribers to use cost rates as an alternative to billable rates.
Please note that Cost Rate is available for the Fixed Fee Projects when choosing Total Project Fees as the budgeting method.