The Wall Street Journal’s Kelly Spors answers a readers question I have a consulting business and, like many professionals, I charge by the hour. However, I have yet to come up with an acceptable means of tracking time and then calculating the charge (time x rate). Any suggestions? and asks Smallbiztechnology.com for help with answering.
Many professionals, believe it or not, still use paper, pen and calculator to keep track of client billable hours. But there are many software programs that provide for easier calculation and billing management.
Most accounting software programs, including Intuit Inc.’s QuickBooks and Microsoft Corp.’s Microsoft Office Accounting, offer client time-tracking features — at least in some capacity. The programs usually let you enter the amount of time spent with a customer and then calculate a bill based on your hourly rate. Other employees may also be able to access the information, and you can integrate the data with your accounting process. Read the full article here – scroll down a bit.
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