Sum up the consulting and billable work time, then add extra time for unexpected events. Proper hourly rate management may increase your economic productivity. Therefore you should look holistically at the amount of work you need to do to fulfill the customer's needs. This miscalculation leads to unsatisfactory income generated from their services. Many freelancers tend to underestimate the time needed to acquire customers and discuss customer needs.
Thus it enables you to evaluate if your hourly rate is satisfactory. It allows you to calculate your monthly income. If you wish to calculate your billable value and how much you could make per month at your current rate, type your hourly rate and the number of hours you can dedicate to work. You can also provide the work time in the form of hours, working days, workweeks, or months.įor convenience, the calculator uses the following unit definitions. You can operate using per hour rate, weekly or monthly wage. The tool has built-in unit conversion, making it natural for use. You may also use it to calculate your employees' salary if you pay for an hour of work. Our calculator allows you quickly calculate the amount you can charge for your work.
BILLABLE HOUR CALCULATOR HOW TO
How to use our billable hours calculator? Use the following billable hours value formula. If you wish to calculate how much you should get for the time you spend on the project. For example, you cannot charge the customer for the time you spend on his acquisition.īillable hours are the favored settlement of work for many freelance professionals, lawyers, and business consultants. Note that number of billable hours may not always equal the number of hours you devoted to the customer. It allows calculating the amount you can charge for your work based on your hourly wage and the time you spend on the project.īillable hours are the amount of time you are entitled to charge your customer for your work. Our calculator is an essential tool for freelancers and business owners.
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