[See all features](/timely-features/)

# Billable rates

Optimize profitability with flexible billing. Set individual rates for each team member for each project, allowing you to maximize profitability and deliver exceptional value to your clients.

## Tailor rates and maximise revenue

Timely understands that one rate doesn't fit all. Each project has its own unique demands, and your team members have different skillsets and expertise. With tailored billable rates, you can ensure fair compensation, transparent project costing, and an accurate reflection of your team’s contributions - all while keeping your business agile.

Boost revenue by assigning individual rates to maximize project profitability.

Keep your business agile with the option to easily update rates to reflect team changes or project needs.

Enhance transparency and keep clients and stakeholders informed with accurate rate applications.

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## Key use cases

Simplify project management and billing by assigning customized rates that match the complexity of tasks and experience levels. Whether it’s adapting mid-project or setting rates upfront, Timely empowers you to make informed decisions effortlessly.

### Individual rates

### Set individual rates for every team member

Eliminate repetitive data entry and set default rates for recurring roles.

Adjust on-the-fly for projects needing specific rate structures.

Keep your billing workflow flexible yet consistent across projects.

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### Reduce admin

### Reduce admin overhead for consistent billing

Use a "Same for everyone" rate to apply one hourly rate across a whole project.  

Set a default rate for each user that fills in automatically on projects with individual rates.  

Choose whether a rate change applies to new entries only, or to new and unbilled entries.  

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### Stay agile

### Stay agile when project scopes evolve

Update project rates at any time as the work changes.  

Pick an "Apply from" date so only entries from that date onward are repriced.  

Charge different rates for different phases by setting up a separate project for each rate.  

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### Save time

### Save time on routine billing setup

Use project templates with pre-assigned users and billing rates for similar projects.  

Assign a whole team to a project in one step instead of adding people one by one.  

Make a project non-billable just by leaving off the hourly rate.  

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More Timely features

## Explore what else Timely has to offer

- [Time entry states · Easily track, manage, and approve time entries with customized statuses that fit your unique business workflow. · Discover more](/features/time-entry-states/)

- [AI timesheets · With just one click, your timesheet is auto-populated, saving you hours every week. · Discover more](/feature/ai-timesheets/)

- [Project dashboard · Gain complete visibility and make smarter, data-driven decisions in real-time. · Discover more](/feature/project-dashboard/)

[See all features](/timely-features/)

4.8 out of 5

We're consistently ranked top on G2

Scores above 95% in Quality of Performance, Support, Ease of Use, and Setup.

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"Ingenious, efficient and effective time tracking system"

David K.

"Effective tool to help you keep track of time and stay productive"

Jane S.

Digital marketer and strategist

"User-friendly and effective"

Cory (CJ) P.

Co-Founder

"Timely record my time automagically"

Giovanni D.

IT Consultant

"Timely is hands down the best time tracking app available"

**Law S.**

"A great experience which has made my invoicing life much easier!"

**Christina D.**

Graphic Designer

"So many valuable uses for Timely & Memory"

Dan K.

Business Coach/ Consultant

"Black box for all your daily efforts"

Anton K.  

Senior SAP ECM Consultant

"Best time tracking app"

Fišerová K.

Autor článků

"Unbeatable time-tracking for many clients and projects"

**Laura C.**  

Project Manager

"It's super easy tracking task details on timely without much hassle"

Amrit S.

Software Development Consultant

"Timely - our time management tool"

Cecilia A.

Project Leader

"Best time tracking software on the market"

Jens K.

UX Designer