All Collections
Budgets
Actuals With Fixed Cap
Actuals With Fixed Cap

Set a fixed cap for services defined as actuals

Updated over a week ago

πŸ’‘ The New Navigation Layout has been released! And with it, some of the screenshots in this article may appear differently.
We are working on updating our knowledgebase βš’οΈ
​
Have feedback regarding the new navigation? Let us know via in-app chat ☎️

For services that are defined as actuals (i.e. time and materials), you can define a fixed cap which will then determine the maximum price that can be charged to the client, regardless of the hours put in.

It works like this:

  • define the service as actuals and define the price and the quantity

  • click on the lock icon to set a fixed cap:

In this case, the amount that can be billed to the client is set to $75 x 5 hrs, which equals to $375.

If you exceed that amount, the amount that can be billed won't change:

Did this answer your question?