We have great news for all those agencies and freelancers working on a

retainer. As the title says, ActiveCollab now has a new feature in the

project budget area!



RETAINER DEFINITION



Before we get started, let's pause for a moment and define what's a

retainer. Sometimes, service providers find clients they work well

with, and the collaboration is based on mutual trust, making it more

regular. A retainer is when two parties agree that one will provide a

certain set of services and the other will pay a certain amount

throughout regular intervals, usually monthly. Now, let's see how you

can implement this model in ActiveCollab.



BUDGET ALLOCATION IN ACTIVECOLLAB



When you start a new project, check the box to enable budget, time,

and expense tracking if you'd like to keep track of your project

finances right where your tasks are.



Next, select the budget type

[https://activecollab.com/blog/product/new-project-budgeting-types]

for the project at hand. We have already covered this topic when ...