What Are Billable Hours
Billable hours refers to the time spent on all activities on services for your client or employer that you are getting paid for.
You must keep these clearly defined to avoid issues at the end of the billing cycle. The right tool, such as a billable hours tracker, is a game-changer here. It ensures you capture everything accurately, separating what is invoiced from what is not.
Definition of billable hours?
These are 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, whether it's time-based or on a fixed-price basis.
Examples of billable hours in agencies
Using a billable hours tracker isn't just good practice, it's essential. It ensures every hour billed is accounted for, maintaining transparency and keeping you in the clear with your clients. Examples include:
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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