Here's an example: We have six Projects. Each Project has an hourly rate of €100, and a total tracked time of 1 minute each.
When billable amounts are computed, hourly rates are converted into cents. So €100/hour becomes €10,000/hour.
Each Project is thus worth €166.6666667, or €1.6666667:
1 minute = 0.01666667 hours
0.01666667 hours x €10,000 = €166.6666667
€166.6666667 ÷ 100 = €1.6666667
Like on any other service that displays money values, the billable amounts are rounded to two decimal places. So on the Summary Report, the Projects would be listed like so:
When the total amount on the right side of the Summary Report is generated, the set of unrounded ¢166.6666667... values for each Project are summed up for accuracy.
€1,000 ÷ 100 = €10
However, manually summing up the values displayed in the Summary Report would result in €10.02. This is because you're adding items that have already been rounded up.
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