Default Billing Method – Admin
Setting up a default billing method allows you to charge a standard rate for all bills issued by your organisation through Thread.
You can choose to set up the default billing method as:
Rate per category – default rate per category, i.e., €300 for wills.
Rate by matter owner – everything in the matter will be charged at the matter owner's rate.
Rate by author – everything in the matter will be charged at the user’s rate.
Fixed fee – no hourly rate will be applied.
When working on matters, you can also apply an individual matter and item rate that overrides the default rate as needed. Setting Up a Billing Method
1. Click Settings
In the bottom left corner of your Thread.
2. Select the System drop down, then Billing Method.
3. Select Billing Method and click Edit in the top grey pane.
4. A pop-up window will appear. Select the billing method you want to apply and click Save.
Please ensure that your default time type for your time records is also set as billable. Turning on Default Billable Time
To ensure that your billable time type is set as default:
1. Select the settings tab
on the bottom left of your menu.
2. Select Matters and then Time Type.
3. Select a billable time type that you wish to set as default and click Edit in the top grey pane.
4. A pop-up window will appear. Toggle the Default box to Yes and click Save.
For more information, see also Time Type - Admin and Billing - Overview
Related Articles
Issuing Fixed Fee Bills
If you have selected your matter to have a fixed fee in the Financial – Settings tab of a matter, you can issue a bill without adding time to a matter. You must add the Description for the fixed fee which will show as the item included on the bill ...Tax Rate Not Appearing on Bills or Invoices
If Tax is not being applied to invoices and bills generated through Thread, ensure that you have a default Tax rate configured in Admin Settings. 1. Select the settings tab on the bottom left of your menu. 2. Select General, then Tax Rate. 3. To ...Tax Rate - Admin
Thread can automatically apply Tax to bills generated on the application. Ensure that Tax is at the correct value and added to each bill by configuring it in admin settings. Adding a Tax Rate Easily add a Tax rate for your firm and set it as the ...Issuing Bills
You can issue a bill directly from a matter or from the Quick Create Button on Thread. Issuing bills from a Matter: 1. Click Matters in the left pane of your Thread page. 2. Search for the matter you want to issue a bill for and click the matter ...Editing Bills
Once you have created a bill, you can edit it at any time before it is issued to change bill name, or the hourly rate and Tax for items. 1. Click Matters in the left pane. 2. Select the matter you want to edit the bill for. 3. Under the Financial ...