What Is Billable Time?

Billable time is simply the time used for billing when using the hourly billing model. This includes the time spent working on tasks that are directly related to the project your business is billing for. 

Why is it important to track billable time accurately?

Tracking billable time accurately is vital to ensure you bill your clients fairly. If you perform inaccurate calculations, you could end up overcharging clients. On the flip side, you could also undercharge them, causing significant harm to your business.

Tracking billable time accurately is also important for payroll. Even if you don’t use the same hourly rates, inaccurate time data can cause issues in both areas.

How to track billable time accurately?

The best way to track billable time in your business accurately is with high-quality time tracking software. Apps like WebWork offer dedicated Billable Time Tracking features. These allow you to set billable rates and get accurate billable amounts automatically.