How To Easily Calculate Work Hours & Billable Hours In Your Company?

Creating a time log to keep track of each client that will be taking up your billable hours. Keep track of each client’s data and the services they’re expecting. Archdesk allows you to create a Schedule of Works and assign tasks to people in advance. This will be set up per project, so you can easily track the progress of your project throughout time.

Tracking the time – of when the action has started, when each billable hour took place, as well as when you’re done with a client/project. The time needs to be accurately tracked, as it’s the very basis of the billing in the case of billable hours. Archdesk gives you the possibility to clock in/out from the place you work (onsite or at your desk) and register the time you work to a specific task inside a project. All data, once approved, can be visualized in the system as expense connected to that project.

Determining the frequency of accounting billable hours – some businesses do it on a weekly basis, while others do it once a month. It’s usually wise to set up this period to coincide with the frequency in which you send your invoices to clients, for clarity’s sake. Proper management software gives you the opportunity to download reports on the Timesheets (per employee or as a batch). It also allows you to extract all the data you need to pass on to your accountant to regulate the payments of your employees or subcontractors.

Providing you with an accessible database to calculate your billable time in a clear, user-friendly log. It goes without saying that a clear record of each client can vastly reduce the stress and hassle connected with calculating the hours. When the time comes to send out invoices, you’ll be glad you ran a log. Be it full time, part-time or overtime; be it a regular employee, subcontractor or apprentice - Archdesk can help you extract the data you need in no time!

Calculating the final result based on your current billable rate. Usually, this involves a process of multiplication and other mathematical equations that you’ll have to handle on your own unless you’re utilizing a piece of PM software to do it for you! Archdesk allows you to store the data connected to the remuneration of each person so that when they clock in/out the system will automatically calculate how much money their job is worth. That sum, once approved by Project Manager, will translate into the Project Financial Dashboard as Labour Expense.