First years: How many hours are you actually working versus chargeable? I always cut some off because I spend a lot of time making notes, doing extra research, and really trying to understand concepts

like
Posting as :
works at
You are currently posting as works at

That’s all chargeable time and should 100% be in a client code. I don’t care what anyone tells you.

likesmart

D1, unfortunately pissing off managers on my engagements is most certainly not to my benefit...

Agree with all the replies that say DO NOT EAT TIME.

There is too much anxiety about this in our profession. Sometime there is direct pressure and sometimes it is self imposed. Regardless, never eat time.

Charge what you work and work what you charge. Simple as that. We need accuracy and honesty in the process. We need need accurate info to properly run our business. I can list dozens of reasons why this is important.

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What if everyone else on your team is eating hours? Now your numbers look so much worse in comparison. What are we going to do? Go tell on everyone? More people than not eat hours. That’s a fact that gets lost on partners

helpful

I’m in tax and nah I 100% charge those hours. We were told charge 100% of your hours and if a partner doesn’t want to charge it that’s up to them.

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95% of it.

Now I bill 100% of it. But as a first year staff- a 5% haircut helped out my #s

Eat time for breakfast lunch and dinner

So you’re eating hours

This is part of why associates are charged at a lower rate than higher ups, because they’re learning through the process and it takes them longer to do tasks

Which is even more reason that they need to bill every hour because ALL associates go through the learning curve and it is expected. If OP takes 100 hours to do something and bills 80, then the partner sees 80 and says “oh well it took OP 80 and he’s new so the budget should probably be 60”, then the budget for next year is now short 40 hours that the next associate NEEDS to do the work.

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Chargeable: what’s in my TL? Copy/paste
Actual: however much I need to get my work done.

Way I see it I have weeks where I have 40 billable hours and I might not work that but then others where I work more. I’m on only 2-3 dif engagements a year

The way i was taught when i was at a big firm was to charge all your time no matter what. Billing/write offs is a partner decision. If you charge a lot of time because your unproductive that a HR issue

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