HomeFeatures & how-tosFinancialsFinancialsBudgets, rates, billing types, expenses, and profitability — what they are and how to set them up.By Lauri Eurén and 1 other•9 articlesWhat is a budget?What are the billing types?Budgeting and profitability: a worked exampleHow does Operating decide which rate to use?How does Operating decide the cost rate?Understanding expenses in OperatingHow to set up a time-and-materials (per-hour) projectHow to set up a fixed-price projectHow to add expenses and expense budgets