Managing Project Billable Rates and Exporting Client Invoices

With TraqNext, managing billable time is effortless. Just set your bill rates, track your work hours, and TraqNext automatically calculates the total amount earned while keeping everything organized by project. It’s a simple way to ensure accurate billing and clear visibility into how time is spent.

Set Project Bill Rate

Define bill rates in TraqNext so your project earnings are calculated automatically. You can set billable rates for each project, making your invoicing and reports accurate and effortless.

On the Projects page, you can easily set the project bill rate for any project.

Simply open the Projects page, select your project, click edit icon, then choose Project Bill Rate. From here, you can set the project’s bill rate, and the total cost based on this rate will be shown on the Project Progress page.

Set Employee Bill Rate

Open the Projects page, select your project, click edit icon, then choose Project Bill Rate. From here, you can choose the Employee Bill Rate option and set a bill rate for each employee.

Track Time for Tasks and Projects

With TraqNext, tracking how much time your team spends on each task or project is simple. Employees can use the TraqNext app to log their work hours, just open the app, select the project and task, and start tracking. Once your work is complete, stop the timer. In case you forget to start it, TraqNext allows you to add the time manually at any time.

Track Work in Real Time

Every minute tracked in the TraqNext app is instantly updated on the Dashboard, giving you clear insights into your team’s productivity and project progress.

Monitor Your Project Margins

In TraqNext, you can easily monitor each project’s financial performance right from the Project progress page. Track your expenses against the budget to make sure everything stays on target.

Total Bill: The total bill will be calculated based on the tracked minutes of all users in the project.

Total Bill = Total tracked minutes of all users in the project divided by 60, multiplied by the project’s bill rate.

Employee Bill Rate: The employee bill rate will be calculated based on each employee’s total tracked minutes.

Bill Rate = User’s total tracked minutes divided by 60, multiplied by the employee’s bill rate.

By comparing these two figures, you can instantly see whether your project is profitable or if costs are starting to exceed revenue.

Total Cost = Sum of all project employee’s costs.

Cost = Employee’s total tracked minutes divided by 60, multiplied by the employee’s pay rate.

Export Billable Hours for Invoicing

With TraqNext, generating client invoices is effortless. The system automatically calculates your billable hours, so you can quickly review and export them to Excel. Click the Download button and choose a format (CSV or PDF). The invoice will be successfully exported in the format you selected.