Projects & budgets

Set a project budget

Set the project fee and read the remaining margin.

Set a fixed fee or hourly rate on a project so Timeglass can compare revenue with the cost of the time logged to it.

Set the project fee

  1. Open Projects
    Select Projects in the main navigation.
    Acme Projects page with active projects and their logged time
    Choose the project whose budget you want to change.
  2. Open a project
    Select the project row. In Financial Estimates, select the pencil beside the current fee.
    Northstar Website Refresh project with Financial Estimates
    The project detail shows its fee, cost, and remaining margin.
  3. Enter the budget
    Enter the fixed fee and select the checkmark to save it.
    Fixed fee field set to 50000 dollars
    This example changes the fixed fee to $50,000.
Northstar Website Refresh with the updated fee and remaining margin
Timeglass recalculates the remaining margin after the fee is saved.

Set a time target too

A project can also have a time target in hours. Set it when you create the project, or edit the project details later. The activity bar compares logged time with that target.

Common questions

Can I use a fixed fee?

Yes. Choose Fixed fee as the billing type and enter the agreed project fee.

Can I track hours against a target too?

Yes. Set a time target in hours when you create or edit the project.