Billable Hours
Billable hours are units of professional work that can be charged to a client under an engagement agreement.
How does billable hours apply in practice?
Law firms, agencies, accounting firms, consultants, and other professional services teams use billable hours to connect work performed with client invoices.
What do people often misunderstand about billable hours?
- Billable time is not the same as worked time; internal admin time may be non-billable.
- A captured billable hour may still be written down before invoicing.
Frequently Asked Questions
What is Billable Hours?
Billable hours are units of professional work that can be charged to a client under an engagement agreement.
Why does billable hours matter?
Law firms, agencies, accounting firms, consultants, and other professional services teams use billable hours to connect work performed with client invoices.
What terms are related to Billable Hours?
realization-rate, utilization-rate, wip