Time & Materials

Bill Every Hour
At the Right Rate

Track billable hours, manage rate cards, and maximize realization. Built for T&M contracts where every hour counts.

Staff AugmentationOngoing SupportRetainer WorkAdvisory ServicesMaintenance ContractsDiscovery Phases

Common T&M Challenges We Solve

Hours slipping through unbilled?

Automatic billable hour tracking with approval workflows. Nothing gets missed.

Rate realization below target?

Compare realized rates to standard rates by person, project, and client.

Budget surprises for clients?

Real-time budget tracking with alerts when approaching thresholds.

How Revenue & Costs Work

Revenue

Revenue is calculated from hours logged multiplied by each team member's bill rate. Every hour is potential revenue.

Revenue = Σ (Hours × Bill Rate)

Costs

Costs use the same hours but with internal cost rates. The difference between bill rate and cost rate is your margin per hour.

Cost = Σ (Hours × Cost Rate)

Built for
Hourly Billing

Every feature designed to help you capture, track, and bill every hour of work.

Time Tracking

Simple timesheets with project and task selection. Weekly or daily entry options.

Rate Management

Define bill rates by role, person, or project. Handle rate increases over time.

Realization Analysis

See actual vs. standard rates. Identify where you're leaving money on the table.

Invoice Generation

Generate detailed invoices from approved time entries. Client-ready formatting.

Budget Tracking

Set not-to-exceed budgets. Track burn rate and forecast completion.

Approval Workflows

Route timesheets through approval before billing. Catch errors early.

Cost Rate Tracking

Track internal cost rates to calculate true project margin.

Utilization Reports

See billable vs. non-billable hours by person, team, and project.

Real-Time Project Financial Dashboard

app.myprojectbudget.com
MyProjectBudget project dashboard showing revenue, costs, gross profit, and estimate at completion with real-time financial charts
Track revenue, costs, and profitability from hours × rates in real-time

Maximize Your Billable Hours

Join teams using MyProjectBudget to track every hour and bill at the right rate.