What your tracking software actually needs to handle it, and what it doesn't.
Not every client pays like a normal client. Over the years I've had a couple get creative about compensation — a token allocation instead of a cash rate, a slice of equity instead of a straight invoice. It's not the common case, but it's common enough that I didn't want my own tools telling me it was impossible.
To be clear about the scope here: I didn't need software that understands what a token allocation or an equity stake is actually worth, or that converts it to dollars for me, or that handles vesting schedules. That's a different, much harder problem, and honestly one I'd want an actual lawyer or accountant involved in, not a time-tracking app.
What I needed was much smaller: a system that didn't quietly assume every number on the screen was US dollars. If a project's rate is denominated in something else, I wanted to record that honestly instead of forcing it through a currency it isn't, or working around the software with a side-spreadsheet just to keep track of what's actually true.
Bizily isn't locked to a fixed list of currencies. You can define your own currency label — a project rate or a worker's compensation can be recorded in whatever unit actually applies, not just USD or a preset list of fiat currencies. It's still just a number and a label as far as the system is concerned — there's no conversion, no valuation, no vesting logic behind it. But that label is the honest one, which is worth more to me than a system that pretends everything is dollars and makes me track the exceptions somewhere else.
