guide settings rates hourly rates time and materials hourly billable by the hour Rates new rate Rates

Setting up rates in LMN Time will allow you to create default hourly rates for different work types that you can (later on) add to jobs for any work that is billable by-the-hour.  For instance, you can setup standard rates for things like:

  • Enhancement work
  • General Labor
  • Pruning
  • Skid Steer Operator
  • Loader Operator
  • ... and any others you may need

Rates are customizable on every job, so even though you'll setup default pricing, you'll be able to change these prices on any/every job.


You can set up Hourly Rates in LMN Time to help track Jobs that you will be billing by an hourly rate or a flat fee (above and beyond your estimate/contract). This also includes Time and Materials type jobs.

To create Hourly Rates:

  1. Login to LMN Time.
    2019-09-19_11_08_28-LMNWeb3___Hourly_Rates_Setting.png
    *PLEASE NOTE: the Rates entered here are for DEMO purposes only and are not meant to be taken as factual rates to be used in your company
  2. Click on Settings.
  3. Click on Jobs> Rates.
  4. Click on +New located on the top-right corner.
    2019-09-19_11_10_18-LMNWeb3___Hourly_Rates_Setting.png
  5. Give the Rate a Name.
  6. Toggle the Type between 'Per Hour' or a 'Flat Rate'. (If Per Hour is selected, the hours worked will be multiplied against the Rate. If Flat Rate is selected, a flat fee will be billed irrespective of the amount of hours worked)
  7. Enter the $ value you wish to assign in the Rate field (NOTE: your employees do NOT see the actual $ value of the Rate. They will only see the Name).
  8. Leave the Include on Billing Reports if you wish to include this data/rate to be found on Billing Reports.
  9. Press Save.
 

Was this article helpful?

Related articles

  • Merge Services

    Services will now be scheduled directly...

  • Rates

    Setting up rates in LMN Time will allow...

  • Services

    Services are an important part of LMN T...

  • Materials

    In this guide, you'll learn how to setu...

  • Default Tasks

    Default tasks are tasks that automatica...

  • Job Types

    Job types allow you to customize your o...

Comments

0 comments
Article is closed for comments.