Compensation rates

Open Payouts and set up compensation for the member. Choose a compensation start date, hourly rate, currency, and effective date. Setup defaults to today; deliberately choose earlier dates if you want to pay historical work.

The entry's work date selects its rate, even for overnight or late-entered work. A new rate does not change an already-approved bill. Rates are private and separate from client billing rates.

What is included by default?

• Stopped, undeleted billable time on Hourly client projects.
• Tracked Fixed fee project time, even though it is nonbillable for client invoicing.

Running time, time before the compensation start date, missing-rate time, and time already claimed by an approved payout bill are not available for approval. A bill contains only one currency. Never-configured members do not inflate payout estimates or missing-rate counts; an intentionally configured zero rate is different from having no rate.

Optional nonbillable work

Individual bill review has a separate, initially unchecked Nonbillable time section for Hourly nonbillable work and internal/Non-billable projects. Select it deliberately when you intend to pay it. Default estimates and bulk draft preparation do not include it. Paying this work does not change its client billability or create client revenue.

The optional section and the selected-entry set each have a 2,000-entry limit. Narrow the period if needed; a large optional history does not prevent reviewing an otherwise valid bill.

How earnings are calculated

For each source, Hoursmith calculates actual seconds ÷ 3,600 × the dated hourly pay rate, then rounds half-up at the currency's precision before summing. Rates support up to six decimal places. Client invoice quarter-hour rounding does not apply to compensation.

Changing the currency of a future pay rate does not convert old balances. Review each currency separately, or explicitly record a cross-currency settlement.