After configuring the default cost rates, enhance financial tracking by defining custom cost rates specific to individual budgets or deals.
This enables varying cost rates for different individuals within a specific budget, offering flexibility in monitoring overall budget and deal costs.
Adding a custom cost rate is optional. If not added to a budget, Productive will consider only the default cost rates.
Adding Custom Cost Rates
To add a custom cost rate, navigate to your budget or deal, open the sidebar, click on the budget settings ⚙️ icon, and then add a custom cost rate for the selected individual.
Here you can add all the people you want to have custom cost rates and define the rate and the currency.
Tracking Costs On A Budget
Once you've saved the changes, navigate to the Time tab in your budget to view the updated cost calculations.
A quick reminder; make sure to include the Cost field in the table if it's not already there!
The recently added cost rate will now be applied to all time entries tracked by the individual within this specific budget.
Deleting Custom Cost Rates
Deleting a custom cost rate will result in reverting to your default hourly cost rate, and the costs of all time entries within this budget will be recalculated.