Hourly Rate Calculator

We have used dollars for convenience in this calculator, but a number is the same no matter what currency symbol you place before itWhat is This?
It's an hourly rate calculator to give you a guide based on your costs, number of billable hours and desired profit. It is a simple tool for you to play with.

Use these calculations as a guide and then modify to suit your circumstance and conditions.

It will take you about 5-20 minutes to complete depending on how
much attention you give each calculation.

Step 1 - Calculate Your Business Cost

In this step you want to calculate what your total business costs will be FOR ONE FULL YEAR.

If you work from home you may wish to write the percentage of home rent that is for your office space $ Think about airfares, taxis, buses, petrol $ $ $ $ $Consider business insurance, health insurance, office insurance ... Often legal fees will happen as one off blocks usually right at the beginning. If this is the case try to divide the cost over 2-3 years to get an amortized amount. $ $ Think stationery, cleaning, postage, books, magazines and all those miscellaneous items $ Add up things like Yellow Pages listings, printing costs for mailers, banner ads and so on $ For all those expenses that don't fit under any other heading like Couriers, Business Taxes, Association Fees etc $

Your Total Business Costs: $0.00 per year

 

step 2 - Calculate Your Personal Cost

In this step you want to calculate what your total personal costs will be FOR ONE FULL YEAR.

$ All those day-day things like food, entertainment, life... $ $ These might include things like servicing your car, holidays and so on $ For anything that doesn't fit under the other headings $

Your Total Personal Costs: $0.00 per year

 

Step 3 - How Many Hours Can You Actualy Bill?
For Example if you worked 4 full week days and three half days you'd write 5.5 Days Make sure you are only counting days you would have otherwise been working. So if you work only on weekdays, you'd count all the weekdays you want to take for vacation Days Days Days

You Will Be Working: 0 days per year

 

 

Add up ALL the hours you work, not just those on client projects Hours p/day Nonbillable hours might include work on the business, hours spent billing clients, time when you have no work etc. %

You Have a Total of: 0 billable hours per year

 

Step 4 - How Much Profit/Savings Do You Want?
Profit is the money above what it costs just to run your business and live, what extra cash do you wish to earn (this could be for holidaying, buying a car, saving up etc) $

 

Calculate Now

To Break Even Charge $0 per hour


Your Ideal Hourly Rate is $0 per hour