Once you've created a project with Financials, you can modify its budget and rates if necessary.

To do so,

• Navigate to Projects and select a project you wish to edit

• Click on the gear-shaped icon on the top right corner of the page to edit the budgets and bill rates

• Under Project Settings, select Budgets and rates

• Click on the pencil icon near the Project budget, Budgeted hours or Currency to edit the fields directly

• Click edit near bill rates, and the "edit bill rates" slider will appear

• Select the " Choose a rate card" radio button to select a pre-configured rate card from the dropdown

• Choose the set manually radio button to edit the hourly bill rates for the team members allocated for the project

• Make the necessary changes and click save

• Select if the changes should apply going forward or from the start of the project.

For subscription projects, you can modify the subscription start date, number of periods, yearly budget, yearly hours, and carryover remaining hours from project settings.

Note: You won't be able to shorten the subscription period to less than the current duration. For instance, if your current subscription period is 3 out of 6, you cannot decrease the total period to anything less than 3.

Note: When modifying currencies, keep in mind that if you're utilizing rate cards in your T&M projects, verify that the rate card includes the currency applicable to your project.

View History

You can view the history of changes made to the budgeted hours, budget, currency and bill rates by clicking the history icon near these fields.

Note:
1. You can change the billing type for projects (example - A fixed fee billing type can be changed to time and material)
2. You can edit only Project budget and Budgeted hours for fixed fee projects.
3. You can only edit Budgeted hours for non-billable projects

Note: When modifying currencies, keep in mind that if you're utilizing rate cards in your T&M projects, verify that the rate card includes the currency applicable to your project.