Harvest has two types of billable projects, Time & Materials and Fixed Fee. You can see more information on them here.

Fixed Fee projects bill a fixed amount, no matter how much time is tracked.

On the other hand, the amount billed for Time & Materials projects will depend on how much time you track—the more time tracked, the more you bill.

Setting Hourly Rates for Time & Materials Projects

When you create or edit a Time & Materials project, you can choose to set hourly rates. We’ll use your hourly rates to automatically calculate how much you can bill.

There are three hourly rates you can choose from:

  • Task hourly rate – Allows you to enter a different hourly rate for each task. For example, you can have a project that charges $100/hour for writing and $150/hour for development. Scroll down to the Tasks section of the project form to edit your default task rates.

  • Person hourly rate – Allows you to enter a different hourly rate for each person. For example, Jane may charge $125/hour, and Joe may charge $100/hour. Scroll down to the Team section of the project form to choose between using a person’s default rates or a project-specific custom rate.

  • Project hourly rate – Tracks one hourly rate for the entire project. For example, no matter who works on what, you’ll charge $100/hour.