Monument

Revenue Types and Sources

The different ways revenue can be calculated in Monument — rate-based, fixed, formula, and milestone-linked.

Overview

Revenue in Monument comes from revenue items attached to tasks. Each revenue item has a calculation type that determines how the amount is computed.

Calculation Types

Rate-Based (From Allocations)

Revenue is calculated from billing rates × allocated hours. This is the most common type for time-and-materials projects.

Revenue = Billing Rate × Allocated Hours

The billing rate comes from the rate resolution chain — project override → resource rate → pool rate → organisation default.

When actual time entries are logged, Monument can show both the planned revenue (from allocations) and the actual revenue (from time entries).

Fixed Amount

A set dollar amount for a deliverable or phase. Useful for:

  • Fixed-fee projects or phases
  • Lump-sum milestones
  • Retainer arrangements

Fixed amounts don't change based on time or allocations.

Formula-Based

Revenue calculated from a formula that can reference other financial items on the same task:

  • total.hours × 150 — hours times a custom rate
  • total.expenses × 1.15 — expenses with 15% markup
  • total.costs × 1.3 — costs with a 30% margin

Formulas evaluate using Monument's formula engine, which supports arithmetic operations and references to other financial slugs.

Percentage of Parent

Revenue calculated as a percentage of the parent task's revenue. Useful for distributing a phase fee across sub-tasks:

  • Parent phase has $100,000 revenue
  • Child task set to 25% of parent = $25,000

Sum of Children

A special type for parent tasks that automatically sums all child task revenue. This is the default rollup behaviour — parent revenue reflects the total of its children.

Milestone-Linked Revenue

Revenue items can be linked to milestones for progress-based billing. When a milestone's criteria are met (tasks completed, hours reached, etc.), the linked revenue becomes claimable on an invoice.

See Milestone Revenue and Billing for the full milestone billing workflow.

Billable vs. Non-Billable Revenue

Revenue items have a billable flag:

  • Billable revenue is included in invoice calculations and the revenue graph.
  • Non-billable revenue is tracked for internal reporting but won't appear on invoices.

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