How to use the hourly invoice
- Enter your hourly rate on each line.
- Add a line per week or task with the hours worked.
- Use decimals for part hours: 1.25 for an hour and a quarter.
- Save it, and attach your detailed time log when you send it.
Minutes to decimal hours
| Minutes | Decimal hours |
|---|---|
| 6 | 0.1 |
| 15 | 0.25 |
| 20 | 0.33 |
| 30 | 0.5 |
| 40 | 0.67 |
| 45 | 0.75 |
Setting the rate
An hourly rate has to pay for the hours you cannot bill: admin, sales, holidays and sick days. Freelancers typically bill 60 to 70% of the hours they work. Divide your target income plus costs by your realistic billable hours, not by the 2,080 hours of a full-time year.