From the Project Planner, locate the Project
Click the 3-dot icon next to the project name > Select Edit Budget
Enter the Project Budget (The Expected Total Contract Value)
Click the Project Rates tab
From the reference rate card column header, select Internal
Click the grey arrow to convert all project rates to $0
Click Other Expenses tab
Add an Other Expense item for each month e.g. "Jun 20XX", assign a date corresponding to the month and add the expected revenue of the month under Charges
Enter the sum of Other Expenses into the Expenses Budget manually
The sum of Other Expenses items MUST equal the Project Budget
Note:
If the fixed-price project is set up in such a way, the T&M Benchmark and the Effective Hourly Rate will not be applicable to the project.
