BILLABLE HOUR CALCULATOR PLUS

Deduct from this number the hours you spend on travel, acquisition, and keeping records, say 940 hours. The number of hours per year is 230x8 = 1,840. So, in total you work for 46x5 = 230 days a year. For example: You work as an advisor for 8 hours a day and 5 days a week. Multiply the number of billable hours by your hourly rate. Hours: billable hours are hours you can charge to your client.

BILLABLE HOUR CALCULATOR PLUS

On average, you sell 3 laptops per day plus 2 tablets. For example: you run a computer store, that opens 6 days a week for 48 weeks a year. Multiply the number of products x their sales price.

Product groups: calculate the turnover share per product group.

30 customers a day x an average spend of €15 = €450 a day x 6 days = €2,700 per week x 48 weeks = €129,600 turnover per year. On average, there are 30 customers a day. For example: a lunchroom opens 6 days a week, and closes 4 weeks a year for holidays.

Customer groups: estimate the number of customers, and multiply by the average amount spent per customer.

If you work on an hourly rate, your calculation method will be different from someone who runs a bar or a shop. The sector you operate in determines which method to choose. There are several methods to estimate your turnover. You charge your client the required turnover, plus the VAT rate that applies to your product or service. This will give you the required gross turnover.

Do you buy products or services? Then add the purchase cost and value of these to your net turnover requirement. Remember that you also spend quite a few hours on your business that you can not charge to your client: for instance, on filing your tax return, acquisition, or doing the accounts. Billable hours are the hours you can charge to your clients. If you invoice your hours, you need to earn your required net turnover in billable hours.

Billable hour calculator