How do I record daily rates?

TimeStatement offers three different ways to record daily rates:

1. Daily rate via expenses

1. Go to "Projects" and select the project.

2. Go to "Expense Categories" and click "Add expense category".

3. Enter "Daily rate" in the "Name" field, the unit in the "Unit" field (e.g., "8 hrs" or "1 day") and the daily rate in the "Unit Price" field. Set "Billable" to "Yes".

4. Save the expense category by clicking "Save".

5. The daily rate can then be recorded on the "Expenses" tab by clicking "Create Expense": select the project, choose "Daily rate" as the "Category" and enter the number of days in the "Count" field (e.g., 1).

2. Daily rate via the employee hourly rate

1. Go to "Projects" and select the project.

2. Under "Billing type", select "Employee hourly rate".

3. Click "Save".

4. Switch to the "Members" tab and select the employee.

5. Enter the daily rate in the "Hourly rate" field.

6. Click "Save".

3. Daily rate via the task hourly rate

1. Go to "Projects" and select the project.

2. Under "Billing type", select "Task hourly rate".

3. Click "Save".

4. Switch to the "Tasks" tab and click "Add Task".

5. Enter the name "Daily rate" and enter the daily rate in the "Hourly rate" field.

6. Click "Save".

Currency note: For simplicity, all prices in this article are given in euros (€). However, other currencies such as CHF and USD are also available in TimeStatement.