Billing Methods and their Description

Fixed Cost for Projects - A fixed cost is set while starting the project. You bill your customer only for the total fixed cost on completion of the project.

Based on Project Hours - This type of billing method can be used for service based projects where the time spent will be the key attribute. You will bill your customer on rate per hour basis.

Based on Task Hours - This type of billing method can be used if your project deals with multiple tasks and each task differs in their level of difficulty or skill. You will bill your customer based on the rate per hour on the task worked.

Based on Staff Hours - This type of billing method can be used if your project deals with different users and varied skill levels working on different tasks. Here you bill your customer based on the rate per hour for the users who work on the project.