Fixed Fee Projects

FAQs and How-Tos Project and data management
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1

Set a fixed fee amount for projects and track your progress against it.

Users can add a fixed fee amount to a project. This allows you to track how you are progressing in projects where you bill a flat amount for the total project or per period, like when you have a project on retainer.

This feature is available on Premium and Enterprise plans.

Adding a Fixed Fee Rate to a Project

Fixed fee rates can be added to new or existing projects. The Create/Edit project popup has a “Fixed Fee” field where you can enter a $ amount for the project. If a project is set to be recurring, the same fixed fee will be setup every time.

Track Progress against Fixed Fee

There are a few places where you can track the project’s progress against the fixed fee you will charge.

Track project progress

If you open the Project Dashboard, you will see the total fixed fee amount used in the top right corner of the screen. You can also click on Billing Amounts in the first chart and see more information on the progress against this fee. A purple dotted line denotes the fixed fee.

Need further help with adding Fixed Fees to a Project? Feel free to post your question below :slight_smile:

2

@Veljko
How do we edit the fixed fee without compromising on historical data?
If I change a fixed fee from $1000 to $1200 how is the logic then?
Will it change from that point on or change all historical data?

3

Hi @AJWM I’m afraid that, currently, changing a fixed fee will affect historical data, and the workaround most users apply is creating a new project for that same client with the new fixed fee so you can keep the historical data in the original project with the original fee.

We hope to meet your needs better in the future here!