{"id":9821,"date":"2026-06-17T18:41:53","date_gmt":"2026-06-17T18:41:53","guid":{"rendered":"https:\/\/traqq.com\/product\/?p=9821"},"modified":"2026-06-19T16:10:00","modified_gmt":"2026-06-19T16:10:00","slug":"hourly-rate-2","status":"publish","type":"post","link":"https:\/\/traqq.com\/product\/features\/hourly-rate\/","title":{"rendered":"Pay rates and invoices"},"content":{"rendered":"\n
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Pay rates & invoices<\/h1>\n\t\t\t

Assign billable and cost rates, and turn tracked time into invoices and project profitability insights.<\/p>\n\t\t\t

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\n\t\t\t\t\t\t\t\t\t\tStart tracking time for free<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t
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Financial management built on tracked time<\/mark><\/strong><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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Flexible rates<\/h2>\n\t\t\t


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  • Workspace, personal, and project rates<\/mark>
    Set default rates or customize them for individual people or projects.<\/li>\n\n\n\n
  • Automatic rate hierarchy<\/mark>
    Apply the right rate automatically. Project rates override personal rates, while personal rates override workspace defaults.<\/li>\n\n\n\n
  • Future and historical rates<\/mark>
    Schedule future rates and review current and past rates in one place.<\/li>\n<\/ul>\n\n\t\t<\/div>\n<\/div>\n\n\n
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    Turn tracked work into invoices<\/h2>\n\t\t\t


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    • Import tracked time<\/mark>
      Add billable time and expenses to invoices in a few clicks.<\/li>\n\n\n\n
    • Automatic billing calculations<\/mark>
      Invoice amounts are calculated from tracked hours and assigned rates. Taxes and discounts remain fully configurable.<\/li>\n\n\n\n
    • Track invoice status<\/mark>
      Manage invoices from draft to paid, record payments, monitor balances, and download invoices as PDFs.<\/li>\n\n\n\n
    • Send invoices to clients<\/mark>
      Send invoices directly from Traqq using customizable email templates. Set up reminder emails for overdue invoices.<\/li>\n<\/ul>\n\n\t\t<\/div>\n<\/div>\n\n\n
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      Understand project profitability<\/h2>\n\t\t\t


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      • Track costs and revenue<\/mark>
        Calculate labor costs, billable revenue, and margins automatically from tracked time.<\/li>\n\n\n\n
      • Analyze financial performance<\/mark>
        Compare financial results across projects, teams, clients, and users.<\/li>\n\n\n\n
      • Drill down into financial data<\/mark>
        Move from project summaries to individual time entries with associated revenue and costs.<\/li>\n<\/ul>\n\n\t\t<\/div>\n<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n\n\n
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        Built for billing and financial reporting<\/strong><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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        <\/h2>\n\t\t\t

        Tracked time automatically becomes financial records. Billable hours turn into invoice items, assigned rates calculate costs and revenue, recorded payments update invoice balances, and reports always reflect the latest project performance. Everything stays connected without spreadsheets, duplicate data entry, or manual reconciliation.<\/p>\n\t\t\t<\/div>\n<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n\n\n

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        FAQ<\/strong><\/p>\n\t\t\t<\/div>\n\n\n