The Fixed Price budget type in the Simple Budget Editor lets you define a set amount for invoicing, regardless of logged time.

While it offers similar billable rate options as the Time and Materials budget type, the key difference is that you're working with fixed totals instead of time-based billing.
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In the fixed price budget type, you can choose from the following billable rates:

For more information on each, check out the paragraphs below.

This option allows the hourly rate to be specific to the person working on the service in the budget.

If you choose this option, the hourly rate will apply to the person you have selected for that service, with a set tracking restriction (meaning only the selected person will be able to log hours for the said service).
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This option allows the hourly rate to be specific to the service itself in the budget.

When you choose this option, the hourly rate will apply to the service you have selected in the budget, regardless of the person working on it.

📌 Select Show Custom Service Name to manually enter the service name, and Show Description to quickly describe the service for better organization.

This option allows the same hourly rate to be applied to all services within the selected budget.

When you choose this option, the set hourly rate will apply to all services within the budget, regardless of the specific person or service.

In this scenario, you'll see three options for how to define the budget:

After selecting your preferred billable rate for the budget, choose how to track the budget usage.

Opting for the Total Price per Budget setting will create a Budget service line item in your budget.

📌 This line item acts as a cumulative, lump sum, budget, with deducted amounts representing the logged time or expenses as you use your budget.

📌 Note that you cannot track time against the lump sum service line ("Budget"), only against the individual services you've added!​

Select this option to define the budget for individual services within the budget.

📌 By defining these budgets, you are effectively defining the total amount you plan on invoicing your client, with the tracking unit set to Piece.

📌 Use this option if you do not intend to track time against the services.

Choose this option to define the budget using either hours or person-days, depending on the selected billable rate (Service Rate or Person Rate).
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📌 You can enter an internal estimate (not visible to the client), set the quantity (shown to the client), and define the applicable rates.

📌 Use this option if you want to track time against fixed-price services.
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This setup will create service line items with the corresponding tracking unit (hours or days) for each service.
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Select this option to define the budget for individual people assigned to the services within the budget.

By defining these budgets, you are effectively defining the total amount you plan on invoicing your client.

You can manually enter the total budget amount in the Budget Fees field if you chose the Total Price per Budget option in the previous step.

Otherwise, if you previously selected the Budget per Service or Budget per Person, the budget total will be calculated as the sum of the budgets you allocated for the service or person.

You can enable or disable time tracking and bookings for each service in your budget. To toggle these options, click the clock icon when editing the service.

After saving the budget, you can re-enable time tracking or booking at any time by: