MISSED-TIME CALCULATOR
What is missed billable time worth?
Estimate the value of the short calls, quick emails and document work that never make it onto a timesheet. Change any number; the method is written out below.
Your workday
Adjust the numbers to fit your team.
All amounts in USD. Change any number to explore.
YOUR MONTHLY ESTIMATE
$6,250
estimated billable value of missed time
- Timekeepr at $47/user/month
- $235
- Estimated net value
- $6,015
An illustration of potential value, not guaranteed savings. Actual billable time recovered and collected will vary.
How this estimate works
Monthly billable value = team members × hourly rate × missed minutes ÷ 60 × workdays. Monthly Timekeepr cost = team members × $47. Estimated net value = billable value − Timekeepr cost. This assumes all entered minutes could be recovered and billed. It excludes collection, realization and other costs. The trial is excluded from this recurring monthly estimate.
THE METHOD
How the estimate works
Three lines of arithmetic. Nothing is hidden.
- Billable value of missed time
team size × hourly rate × missed minutes per day ÷ 60 × workdays - Timekeepr cost
team size × $47 per month - Estimated net value
billable value − Timekeepr cost
Worked example
5 people billing $250 an hour, each missing 15 minutes a day over 20 workdays: 5 × 15 ÷ 60 × 20 = 25 hours, worth $6,250. Timekeepr for 5 people is $235, so the estimated net value is $6,015 a month.
Assumptions
- Every missed minute you enter could be recovered and billed.
- Collection, realization and other costs are not included.
- The free trial is left out, so the cost is the recurring monthly price.
- All amounts are in USD.
Choosing your missed minutes
Think about yesterday. Count the short calls, quick replies and file switches that didn't make it into a time entry. If you aren't sure, try a few values and see how the estimate changes.
An illustration of potential value, not guaranteed savings. Actual billable time recovered and collected will vary.