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Is it possible to create an hourly rate for use in a company which bills mostly by the hour?

I looked at price lists but I was not sure I was in the correct place.

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You define several products of the service type (one product - one hourly rate sale price), products with unit of measure = hours

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Thank you for that answer.

Now I'll ask for even more. How do I connect a specific customer to a single hourly rate (one of many)?

Thanks 

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You do that with price lists. (You should open a new question instead of adding new questions to an existing thread)

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