Each consultant can have a different billing rate for each project. First you set the default rate for employees. Then you set the rates for each project those consultants will work on. The system will automatically compute the correct client costs from the hours worked.
You can also use other billing methods, like these:
- Employee roles (the role each consultant takes in the project)
- Categories (the kinds of work you do, rather than the person doing them)
- Milestone billing (custom billing method, not related to hourly rates)
- Flat project amount
- Option Year Funding (for government contracts using contract mods)
Hi, my name’s Mike. And I’ve have a consulting tool that you’re going to like. It’s called Standard Time®.
Check this out. This is how Standard Time handles client billing processes.
So let’s say Allison is the project lead for an engineering project. She’s going to bill out higher than Jim who is the engineer. On a simpler project, a maintenance project, Phil who is the project lead; he bills out at a lower rate.
Every project is different.
That’s probably how your consulting firm runs, right? Well Standard Time runs the same way.
I found it a breeze to set up. And after it’s set up, it runs … 24/7… 365.
You need to go to the website and download your free trial you won’t regret it. Hey, I’m Mike thanks so much for joining me. I’ll catch you next time.