When it comes to non-billable hours, businesses can totally reframe how they approach them. Rather than a knee-jerk reaction of directly trying to reduce non-billable hours, reframing your mindset to how best to manage non-billable hours can actually give you the upper hand. Non-billable hours: Strategic investment Your clients expect to be billed only by […]
Time tracking tools to track billable hours have become indispensable assets for operations and finance managers seeking to optimize profitability and maintain precise project cost control. By accurately capturing the time spent on various tasks and projects, these applications provide helpful information for workflow efficiency, resource allocation, and billing accuracy. Also, they eliminate the guesswork and potential errors associated with manual time […]
The challenge of managing projects with multiple billing rates This guide aims to provide insight into the dynamic world of project billing, underscoring the necessity for precision, consistency, and foresight in managing multiple billing rates. As a Beebole implementation consultant, I’ve seen my fair share of scenarios filled with these challenges. So please follow along […]
Achieving the perfect balance between billable and non-billable hours is both an art and a science. Both operations and finance leaders need to understand what makes their organization profitable, and a big piece of that is knowing how many billable and non-billable hours to plan for. If you’d like to prioritize your company’s financial health, […]
