Billable vs Non-Billable Time. What You Need to Know
Understanding the difference between billable and non-billable time is essential for managing profitability.
Billable time includes work that can be charged to clients, while non-billable time includes internal tasks such as meetings, admin, and training.
Understanding the difference between billable and non-billable work helps reduce revenue leakage.
Tracking both types of time allows businesses to:
- measure productivity
- identify inefficiencies
- optimise workflows
By balancing billable and non-billable time, businesses can improve overall performance.
Many businesses fail to capture all billable work, leading to missed billable hours.
To improve profitability, it’s important to capture all billable hours effectively.
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