Consulting Billable Hours Template

Streamline your accounting process and send professional invoices with the free consulting invoice template from freshbooks.

Consulting billable hours template. The template can be printed or simply viewed in excel or google sheets. Unifies planned and actual hourly estimates. After you bill for hours worked update the time log by putting an x in the billed column. Consultants want flexible invoice templates they can adjust to suit the needs of their clients.

Of course there are many professional tools for you but here i will guide you to create a billable hour table in excel and save it as an excel template easily. Today i want to talk about the billable hours model and why it is unsuitable for management consulting. Clicktimes billable hours template will help you track manage and plan how you and your team bill for their time. Billable hours represent work hours that a staff member reports as being chargeable to a client.

Free download easy billable hours spreadsheet. The concept is not unique to consulting as a variety of professional services firms bill clients by the hourfor example public accounting and legal services firms also traditionally bill by hours of staff time. I have had a lot of discussions about the billable hours model with aspiring management consultants clients currently working for consulting firms and other people in our network. Try our service invoice templates built for consultants.

Billable hours unify planned and actual effort estimates ensuring the average billable hours are fairly charged. How to create billable hours template in excel. From tracking billable hours to charging flat rate fees for their services consulting invoices need to be highly customizable. If you have a time work and earn your money based on actual working hours how to record your work hours and calculate earned money.

The spreadsheet does not include an invoice but you can download an invoice template to use along with this time tracker. You could enter another value such as na if you want to track work that is not billable. Given that consulting firms arent profit averse billable hours let you match relevant competencies and the number of engagement hours per week to the firms bottom line. There are 20 templates in the consulting invoice template category.

The consultant timesheet template is the solution to this problem which provides the list of services provided to each client and how much time is authenticated by the client itself.