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Never undercharge your client again!
Use the monthly labor diary to calculate the wage based on time worked. Simply enter your start time (eg. 9:32) and then enter finish time (eg. 13:23). The spreadsheet will calculate that you have worked 3:51. You then enter this figure into the wage calculator putting your hourly rate.
Enter a monthly target rate and check your targets. The spreadsheet will keep a running monthly total of hours:mins worked and the average hourly rate, as you can enter different hourly rates for different jobs. You can enter up to 500 jobs per month.
At the end of the month, start again on another sheet named month 2. With 12 sheets included for a years work, you can then check the totals sheet.
Why keep undercharging your client when you can charge them for every minute worked?
This really is the only labor diary you will ever need.
CURRENCY IS FORMATTED TO DOLLARS BUT CAN BE CUSTOMISED ON REQUEST TO ANY CURRENCY.
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Source: Best Practices in Hours Tracker Excel: Labor Costs Diary Excel (XLS) Spreadsheet, workinghours
ABOUT THE AUTHOR: WORKINGHOURS
We have an ICB qualification at Bookkeeping that are experts at Spreadsheet Design. We help you look after your time and money with ease. With a growing number of spreadsheet models specifically aimed at small and medium sized business who are wanting to make sense of where time and money is going. Freelances will benefit from being able to charge by the minute using the labour diary saving time and money.
The Cash Flow Projector will help all business to manage and forecast their cash flow with ease. There are many others available aimed at managing your time and money. If you are looking to simplify your bookkeeping why not use a spreadsheet model specially created by experts for this purpose. Get one customised to suit your needs or Alternatively let us work with you by creating and managing a spreadsheet specifically designed for your business.
WorkingHours is a department of Spreadsheet-Answers-com
This business document is categorized under the function(s): Information Technology
It applies to All Industries
File Size: 2.1 MB
Related Topic(s): Hours Tracker
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Initial upload date (first version): May 30, 2012
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