# Billable time, hourly rates and budget

_Skileo Projects › Time tracking · Who can do this: Business owner, Member_

Time on a project with a customer is billable by default. Job types set the hourly rates, a project can change them, and its cost is compared with its budget.

## Billable time

Billable time is time your customer pays for. Each time entry on a project is billable or not:

- On a project with a customer, new time is billable unless you switch “Billable” off.
- On an in-house project, it isn't billable unless you switch it on.
- Time without a project is never billable.

The totals of “Time” and of a project's “Time” tab show the billable time apart.

## Hourly rates

Time is priced by its job type:

1. Each job type can have a “Default hourly rate”, in “Project settings”, “Job types”. See [Set up stages, categories, job types and labels](https://www.skileo.com/help/en/set-up-projects).
2. A project can set its own rate for a job type, in its “Hourly rates”: edit the project and fill in the “Project rate” beside the “Default rate”. An empty rate uses the job type's default rate.

Each entry's amount is its hours times its rate, in the project's “Currency”. Time without a rate has no amount.

The rate is kept on the entry when the time is logged. A rate you change later applies to new time, not to the time already logged. An entry takes the new rate only if you change its project or its job type.

## Budget

Give a project a “Budget” when you create or edit it, in its currency.

On the project's “Time” tab, “Cost” shows the cost of all the time logged, billable or not, against the budget, and the share of the budget spent. Without a budget, it says “No budget set”.

## Who sees the money

The rates, amounts, costs and budgets show only to the “Business owner” and to each “Member” with the permission for rates and budgets: “View” to see them, “Edit” to change them. Employees never see them. See [Who can see and change projects](https://www.skileo.com/help/en/who-can-see-projects).


## Common questions

### Why does an entry have no amount?

Its job type has no rate, neither on the project nor by default. Or the entry has no project.

### Can a project use another currency?

Yes. Choose its “Currency” when you create or edit it. Without one, it uses your workspace's currency.

### Does the budget stop people from logging time?

No. The budget is a figure to compare with. Time can still be logged once it is spent.

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https://www.skileo.com/help/en/billable-time-rates-and-budget · Updated: 2026-11-09