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What does everyone have for billable hours?
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@OP is right that billed hours matter on fixed fee engagements. Billed hours = cost which is a critical metric in terms of profitability (which ties into bonuses). Billed hours are a critical component of how we price our engagements. Billed hours are how we recognize revenue. Anyone who thinks billed hours don't matter on fixed fee engagements clearly doesn't understand the business of PA.
Team members salaries = cost (rather than billable hours). Salaries are fixed in the short run, so whether I charge 100 hours or 1000 hours the firm pays me the same. In the long run, sure billable hours determine future hiring levels and potentially can be used to negotiate higher fees going forward (in which case overbooking chargeable time could actually be a benefit to the firm), but short term, we have fairly fixed revenue and costs
9 hours admin is way too much. Reduce your admin time, and charge through the rest. Spread it out amongst your clients. Nobody will question it during busy season. Fuck the firm and fuck your stupid clients for being dumb enough to pay a big 4.
I bill for everything during busy season IDGAF. Don't give me a 55 hour minimum and expect me not to bill that hour where I surfed the web because the client took too long to get us what we needed.
...and that doesn't even consider the addition 2-3 hours a day you are away from home due to communing, lunch, and dinner
I bill based on how long I'm there, regardless of what I'm doing. 9-9 means 12 hours even if that includes texting, lunch, bathroom, talking to the team, dinners, etc.
Everything becomes billable during busy season.
Just inflate your hours and move on
^Being honest hurts nobody but you. Don't do it.
How do you have that much G&A? Reading client emails, scanning in paperwork for a client, anything related to the client is billable time. If I talk about client work on lunch, that's billable too. Charge more of your admin time to the engagement.
Only six during the weekend? Sounds too low
Yea its doodoo
Complete bs
Bathroom breaks and any other breaks are still chargeable to the client
Yea, that's why I said at least. Typically it's more
Y'all are working too much.
Ey 1, that's not how firms make money, today or spite BS. Most engagements are fixed fee so it doesn't really matter how much you bill in the end.
You're a manager and your billable expectation is 55 hours? Must be a different LoS than me...managers billing that much is a sure way to kill every code they are working on, so it's basically discouraged in my group.
All of my engagements are fixed fee so it's a moot point. Time entry is the bane of my existence.
^thats not how the firm records its revenue. The firm records revenue for every hour booked and then the amount excess the fixed fee is written off. You're not considering how the firm does its accounting. That's why everything is factored into chargeable hours. It's how the revenue is billed.
Billable hours are how the firm makes $$. Being annoyed with it isn't going to change the business model.
Damn, I'm a manager and if I really need to focus on getting shit done for a client, I can manage 9 hours or less admin time in a week. If you have that much admin time as an associate, something isn't happening correctly.