Switching between Billing Models

When you switch between billing models there are financial impacts. You are changing the way you want to compute billing amounts on your projects. Billing amounts are computed based on rates - user rates or time code rates. To read more about these, refer to the Project Billing section.  

• Impact of switching from Time code based (service) to User based billing :

1. 1. Estimated Cost and Actual Cost will remain unchanged.
   2. Planned Labor Revenue column will show up in reports and on project details page and will be computed based on the User billing rates and allocations.
   3. The Actual Revenue (if already calculated), will remain unchanged.
   4. Users will still see the 'Time Code' on the Weekly Time page, although its rates are not applied.
   5. Switching from Time Code based billing to User based billing will not affect the existing time entries in any state. New time entries created after switching the billing model will be computed using the rates defined in the new model.
       

• Impact of switching from User based billing to Time code based billing :

1. 1. Planned Cost and Actual Cost will remain unchanged
   2. Planned Labor Revenue column will not be present. If it was originally calculated, it will be set to 0.
   3. The Actual Revenue (if already calculated), will remain unchanged.
   4. Switching from User based billing to Time Code based billing will not affect the existing time entries in any state. New time entries created after switching the billing model will be computed using the rates defined in the new model.
   5. Users will see the 'Time Code' on the Weekly Time page, and its rates will be applied.