Hourly Billing

 

Tabs3 tracks two hours fields for each fee transaction:

• Hours Worked - the number of hours worked on transactions; and
• Hours to Bill - the number of hours billed.
  

Hourly billing is based on the premise:

Hours to Bill x Hourly Rate = Amount to be Billed

When making fee entries, the only part of the equation you will have to enter is the Hours Worked field. The Hours to Bill field defaults to the number of hours entered in the Hours Worked field. Tabs3 determines the Hourly Rate based on how you have set up each client and automatically calculates the Amount to be Billed.

Tabs3 is truly flexible when it comes to assigning default billing rates. You can set up your clients and never have to worry about whether you are using the correct rate for each timekeeper. Tabs3 does it all for you. Once you have set up your clients and are making fee entries, you may want to use a different billing rate than the default rate. Simply overwrite the default rate by entering the rate you want to use for the transaction.

There are several different methods that Tabs3 can use to determine the default hourly billing rate:

Fee Rate Table Method

Timekeeper Level Method
Timekeeper Rates Method

Client's Hourly Rate Method

See also:	How Tabs3 Selects the Default Billing Rate
	Methods of Billing