Billable rates and reporting

This connects tracked time to money. You assign an hourly rate to a person, a project or a client, flag each time entry as billable or not, and the tool calculates the value of the work. Reports then show how much can be invoiced and how much time was spent on unpaid work. Toggl is an example of a tool that lists it.

Agencies, consultants and any team that sells hours need to know whether their time is paying for itself. Without this, billable and internal time blur together and invoices rely on memory. It matters less if you charge a fixed price and never look at hours, although it can still show whether a fixed-price job was profitable.

• Can rates differ by person, by project and by client.
• Can you export reports for invoicing, or send the data to your accounting tool.
• Can past entries be changed when a rate changes, and is the change recorded.
• Can team members see the rates, or can you hide them.