Time Tracking
Track time with an intuitive timer or manual entries. Get detailed insights into how time is spent.
Latest guides
Time tracking resources
Practical guides for freelancers, agencies, and small teams that need cleaner time tracking, project management, and invoicing.
Realization rate: what it is, how to calculate it, and how to raise it
Realization rate is the share of the hours you worked that you actually get paid for at your standard rate. Multiply hours worked by the rate to get their standard value, then divide the amount you billed (or collected) by that value. Work 100 hours worth $20,000 and bill $17,000 and your realization rate is 85 per cent. The missing 15 per cent is revenue you earned and gave away.
Minutes to decimal hours: conversion chart and timesheet formula
Convert minutes to decimal hours by dividing the minutes by 60, then add any whole hours. For example, 45 minutes is 45 ÷ 60 = 0.75 hours, so 2 hours 45 minutes becomes 2.75 hours. Do not write 2:45 as 2.45: the digits after a decimal are hundredths, not minutes.
How many work hours are in a year? Calculate your real capacity
A standard 40-hour week contains 2,080 scheduled work hours per year: 40 hours × 52 weeks. That is a planning baseline, not a person’s real productive or billable capacity. Subtract public holidays, paid leave, sick time, training, administration, and other unavailable hours before using the number for staffing, pricing, or revenue targets.