Fixed Fee Billing

December 28, 2014

Time59 now has true fixed fee billing functionality.

The first thing you will notice is that the Project Maintenance form has changed. There is now a Project Type field that will allow you to choose one of the following 3 options:

Hourly

Fixed - Show Time On Invoice

Fixed - Do Not Show Time On Invoice

There are also a couple of new fields on the Project Maintenance form that relate to Fixed Fee Billing projects. If you do not plan on using Fixed Fee then just create new projects using the Hourly option and other than that, nothing will change in how Time59 works for you.

With Time59's new Fixed Fee Billing you will still need to record your time. You will have the option to show or not show this time on invoices. If you do show time on invoices the billing amount of each time record will not be displayed. Instead there will be an additional line item generated with its own description and the fixed fee amount. It is really pretty simple. All of the help topics in Time59 have been updated to guide you and you can always call or email support with questions.

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Fixed Fee Billing Question and Answers

  • What is Fixed Fee Billing in Time59?

    Fixed Fee Billing in Time59 allows users to bill clients a fixed amount regardless of the time spent on the project. This is different from hourly billing, where charges are based on the time recorded.

  • What are the different Project Types available in Time59 for billing?

    Time59 offers three Project Types for billing:

    Hourly: Traditional billing is based on the time recorded.

    Fixed - Show Time On Invoice: Bills a fixed amount but shows the time recorded on the invoice without the billing amount.

    Fixed - Do Not Show Time On Invoice: Bills a fixed amount without showing the time recorded on the invoice.

  • Do I still need to record time for Fixed Fee Billing projects?

    Yes, you need to record your time even for Fixed Fee Billing projects. You have the option to display or hide this time on the invoices.

  • How is the fixed fee amount displayed on the invoice?

    If you choose to show time on the invoice, the billing amount for each time record will not be displayed. Instead, an additional line item with its own description and the fixed fee amount will be generated.

  • Will existing projects be affected by the new Fixed Fee Billing functionality?

    No, if you do not plan on using Fixed Fee Billing, you can continue creating new projects using the Hourly option, and there will be no changes to how Time59 works for you.

  • Where can I find more help on using Fixed Fee Billing in Time59?

    All the help topics in Time59 have been updated to include guidance on Fixed Fee Billing. Additionally, you can call or email Time59 support with any questions.

  • What should I do if I encounter issues with Fixed Fee Billing?

    If you encounter any issues or have questions about Fixed Fee Billing, you can always contact Time59 support via phone or email for assistance.