What Are Billable Hours
Billable hours refers to the time spent on all activities on services for your client or employer that you’re getting payed for.
You’ve got to keep these clearly defined to avoid stories at the end of the billing cycle. The right tool, like a billable hours tracker, is a game-changer here. It ensures you capture everything accurately, separating what’s invoiced from what isn’t.
Definition of billable hours?
They’re the hours you spend on client-related work that directly impacts your bottom line. Think project management, consultations, or any task specifically requested by the client. Tracked through a billable hours tool, these hours dictate your billing, be it time-based or on a fixed-price basis.
Examples of billable hours in agencies
Using a billable hours tracker isn’t just good practice but it’s essential. It ensures every hour billed is accounted for, maintaining transparency and keeping you in the clear with your clients. Examples includes:
Client meetings
Project executions
This is why we recommend using Freelio which is an all in one tool for your agency.
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