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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.

Bill4Time's 2026 reporting enhancement allowing law firms to bring productivity, profitability, and cash flow data together in one place with real-time analysis and advanced filtering capabilities for comprehensive firm performance insights.

Key performance metric for professional services firms measuring the percentage of working hours that can be billed to clients. Critical for understanding productivity, profitability, and resource allocation with industry benchmarks typically ranging from 60-85%.

Classification system distinguishing client-billable work from internal activities. Critical for accurate client billing, profitability analysis, and understanding true project costs including overhead in professional services.

Financial management method using detailed time tracking data to allocate costs to specific activities and projects, providing accurate profitability analysis and pricing insights.