The term “billable hour,” a unit of time used in the legal industry, is common in popular culture but can be misunderstood. What goes into a billable hour is more than 60 minutes of time ...

For many businesses, tracking employee time is essential, but knowing how to categorize that time makes a real difference in profitability. Basically, every hour an employee spends on a task can fall ...

Those two folks can (and should) bill at different rates. Step 4. Billable Hours: How Much of the Partner's Time Is Billable? Start with the services billing rule of the mythical number of billable ...