Budgeting and Billable Projects

Budgeting is an essential part of managing projects in Taimapp.io. This feature allows users to define monthly budgets, hourly rates, and mark projects as billable. By tracking budgets and billable hours, users can maintain financial control and monitor the profitability of each project.

Key Features

• Monthly Budget: Set a monthly budget to monitor spending limits.
• Hourly Rate: Define hourly rates for better cost tracking in service-based projects.
• Billable Toggle: Mark projects as billable, distinguishing them from non-revenue generating projects.

Use Cases

1. Freelance Billing: Set an hourly rate and mark projects as billable to track hours and generate invoices efficiently.
2. Internal Projects: Manage internal, non-billable projects by toggling off billability and tracking only budget limits.
3. Budget Control: Allocate budgets and hourly rates to stay within financial constraints.

How to Use

1. Open a project and navigate to the Budget section.
2. Define the monthly budget and set an hourly rate.
3. Toggle the “Billable” option to mark the project as billable if applicable.
4. Save changes, and your project budget and billing preferences will be set.

The budgeting feature in Taimapp.io is a powerful tool for managing project finances, whether you’re working on client projects or internal initiatives.