For example if a technician signs in at 12:13 and signs out at 4:27 ?? What is the best system other than rounding it to the nearest 1/2 hr or what not??
2007-11-18 02:23:20 · 3 answers · asked by auntieuhoh828 2 in Business & Finance ➔ Small Business
Just take the number of minutes and divide by 60. That is the percentage of an hour. In your example, from 12:13 to 4:27, would be 4 hours and 14 minutes. 14min/60min=0.233
So run your invoice using 4.233 hours. I hope that helps.
2007-11-18 02:33:46 · answer #1 · answered by Ron da Don 3 · 1⤊ 0⤋
your employer should have a policy which determines the smallest amount of time for billing purposes. Frequently this is expressed as 1/Nth of an hour.
if you're doing the clerking and the tech on the spot didn't round off the time to the nearest Nth, you get to do it.
just figure out how many hours and minutes the tech was there and then divide the minutes by N. Add N times the number of hours to get total number of billing units.
total number of billing units times billing rate per unit = bill for time. Then add materials at billing prices plus the fee for showing up and you're home.
simple enough with a small calculator.
2007-11-18 02:32:43 · answer #2 · answered by Spock (rhp) 7 · 0⤊ 1⤋
It depends how they are paid. If these times are entered at the end of the week or month then they need to be accurate records or you could be greatly underpaying or overpaying. Are they on hourly rate then it needs to be to the nearest 1/4 hr isn't there a finance dept that will give you this information,or is that you?
2007-11-18 02:40:31 · answer #3 · answered by Paddy 4 · 0⤊ 0⤋