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Billable vs. Non-Billable Time Tracking
Practice of categorizing work hours into billable (client-facing, revenue-generating) and non-billable (administrative, internal) categories. Critical for professional services firms to maximize revenue capture and understand true project profitability.
Hybrid Billing Models
Combining multiple pricing approaches (hourly, fixed-fee, retainer, value-based) within single engagement to optimize revenue and client satisfaction. Time tracking data supports all models by measuring delivery efficiency and profitability.
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