While I often receive feature requests from users, I also have feature requests of my own since I freelance as well, and I’m a very active Cushion user myself. When fixed-rate projects wrap up, I’m left wondering how well I estimated—did I end up making more or less than if I charged a time-based rate. With this in mind, I’m introducing a simple yet powerful feature—effective hourly rates!
Now, when you click into a project you tracked time for, you’ll see your “effective hourly rate” for that project. While the math for this rate is simple (your income for the project divided by your tracked time), it’s still incredibly useful to see at-a-glance. And, if you already have an hourly rate specified, even if you don’t bill hourly, Cushion will compare the two rates.
Going forward, there’s so much more we can do along this line of thinking. Imagine tracking your effective hourly rate over time to help you estimate better, or highlighting clients who should have a higher rate because you end up working overtime on every project. This is just the beginning. Excited? Me too!