How do you track billable hours and calculate budget?

Platform discussions
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1

Hello!

I am curious how other teams here track billable hours to finance? We are a marketing company with multiple clients and projects. We have our team track their hours using the number column on Monday.com, set up for each individual team member. We are having trouble tying in the variables of rate changes per person, overtime rates and expedited rates. We are working with formulas on our current boards – and all the other solutions require a monthly fee, that is hard for us to justify as a small business. I would love some insight on how other people might set up their billable hours logging and how do you get the finance information from that point?

2

Hey Babs!

Since you use formulas already, you might want to take a look at the section in this “Formula Use Cases” article titled “Calculating billable total using the time tracking column”.

So a combo of the time tracking column and the formula columns seem to do the trick! Have you already tested this out for your workflow?

Let me know what you think! :blush: