Pay rates options

Owners and Admins can manage pay rates at three levels in Traqq: workspace, personal, and project.

Traqq automatically applies the most specific rate available:

• - If a project rate is set, it is applied first.
  - If no project rate is available, Traqq uses the personal rate.
  - If no personal rate is available, Traqq uses the workspace default rate.
• Traqq supports two types of rates:
• - Billable rates — used for billing calculations
  - Cost rates — used to calculate internal cost

• Workspace default rates

• Workspace default rates are used when no personal or project rates are configured.
• To manage workspace default rates, click your profile picture in the top-right corner of the web app and open Workspace settings.
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• Open the Rates & invoices tab to view or edit the default billable rate and default cost rate.
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  Click the three dots next to a rate to add or edit it.
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  You can add current or future rates and view historical rates if they have not been deleted. 

• To delete the rate:

  Click the trash icon next to the rate you want to delete.

  

  To add a new rate:

  Select New billable rate / New cost rate.

  

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• Enter the rate and its start date and click Add billable rate / Add cost rate.

  

  
  
  Traqq automatically applies rates based on their effective dates.

• Personal pay rates

• Personal pay rates can be assigned to individual users. These rates are used when no project-specific rates are configured for the user.
• Owners and Admins can manage personal rates from the user profile in the Users section. Go to Users, open a user profile, switch to the Details tab, and scroll down to Rates.
• See this article to learn how to set personal pay rates.

• Project pay rates

• Project pay rates apply only to time tracked within a specific project. Project rates override both personal and workspace default rates.

• Owners and Admins can assign billable and cost rates to projects from the project Billing settings. Go to Projects, open a project profile, switch to the Settings tab, and scroll down to Billing.

• See this article to learn how to set project pay rates.