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Billable rate vs labor rate
Nina Janza avatar
Written by Nina Janza
Updated over a week ago

There are two different types of rates in My Hours:

  • The billable rate is the rate by which you charge your clients for an hour of work (used to calculate the billable amount for the invoice).

  • The labor rate is the rate by which your team members are getting paid (used to calculate the labor cost/their paycheck).

Depending on your needs, you can set both rates or you can use just one of them independently from the other.

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