For a resource, you can define one or more (hourly) customer Billing Rate with a starting date. You can specify a special rates for specific combinations of Account, Contracts, Project, with or without an Activity Type.
The Billing Rate is calculated, if there is no Unit Price or Fixed Price defined on the Project Line - for details see Billing.
Also, a Cost Rate per hour is maintained and can be used, e.g. for payroll or paying contractors. The default cost rate is defined on the Resource record and if defined in the Resource price follows the same logic as for calculating the Billing Rate.
The Activity Type is often used to indicate overtime, travel or premium time (e.g. work on weekends, holidays or outside normal business hours). This allows to define prices and costs with specific amounts. Alternatively, you could use the overhead field on the Activity to calculate the amounts based on the percentage specified.
In a multi-currency organization, you can define the price for different currencies. When creating an invoice, the resource price in the currency of the invoice currency is used.
For billing, the price for a resource is determined as follows (priority ordered):
- Project Line
- Fixed Charge Amount (i.e. not invoiced by hours)
- Resource Price for Project / Activity Type
- Resource Price for Contract / Activity Type
- Resource Price for Account / Activity Type
- Resource Price / Activity Type
Prices can have a start (effective) date and need to match the currency.
In this example, the Standard price of $100 is used for all Accounts, Projects other than Beths. If the Account is Beths, the billing rate is $110, but for the special Beth Project, the rate is $120.
Resource prices have a currency. If there are multiple currencies for the resource/account/project, the rate is used which matches the currency of the invoice.