Project Type
Project Types categorize projects for better organization, reporting, and applying default settings.
Creating a Project Type
- Go to Projects > Project Type and click New.
- Enter the Project Type Name (e.g., "Internal", "Client - Fixed Price", "Client - Time & Material").
- Click Save.
Common Project Types
| Type | Description |
|---|---|
| Internal | Company initiatives, not billed to clients |
| External - Fixed Price | Client projects with a set price |
| External - Time & Material | Client projects billed by time |
| External - Retainer | Ongoing client support at monthly fee |
| R&D | Research and development projects |
| Capital | Capital expenditure projects |
Project Type and Billing
The project type can influence billing behavior:
- Fixed Price: Billing is milestone-based or upon completion.
- Time & Material: Billing is based on hours recorded in timesheets.
- Internal: No customer billing (cost tracking only).
- Retainer: Recurring monthly billing.
Benefits
- Filter and report by project type
- Apply different configurations per project type
- Analyze profitability by project type
- Track different types of work separately