Project budgets let you plan, set, and keep track of all of your project hours and costs. Your budget progress is displayed on the Manage page, within the individual project menu, and the Report page by selecting the Projects tab.

There are five project budget types available within Float:

Set the overall time to be spent on a project (e.g., 200 hours). When new tasks are scheduled, the number of hours remaining in the project budget is reduced accordingly.

Set the overall cost of a project (e.g., $20,000) and your team's hourly rate. The hourly rate can be different for each person or the same for the whole team.

When new tasks are scheduled, their cost is subtracted from the project budget.

Set your team's hourly rates and track the costs of each task they are assigned.

As with the total fee budget, rates can be customized for each person or set across the board. Project-specific hourly rates can be selected from the Team tab within the Project menu.

💡 Here's a tip: Your team's default hourly rates are set within their profiles on the Manage page. Updating a person's default rate will not change their rate for existing projects.

Set an hours budget for each project phase that you create. For more info on project phases, check out this help article.

Set a total fee for each project phase that you create.