What are non-billable hours?
Non-billable hours are the hours that are not directly billable to a client. These hours are still critical, however, as they can contribute to the overall success of a project.
How to track Non-Billable hours?
There are several ways to track non-billable hours. One standard method is to use time-tracking software. It allows employees to track their time by project and task. The companies can use this information to generate reports showing how much time is spent on billable and non-billable activities.
Another way to track non-billable hours is to keep a manual time log. This can be done by using a spreadsheet or simply writing down the time you start and stop working on different tasks. While this method is less sophisticated and will lack accuracy than time-tracking software, it can still be effective for tracking non-billable hours.
Whichever method you choose, it is important to be consistent with your tracking. This will ensure that you have accurate data that you can use to make informed decisions about your business.
By tracking non-billable hours, businesses can improve their efficiency and ensure that employees are paid for their work.
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