- Accurate Estimates: Calculate hourly rates based on expenses, taxes, and desired income.
- Streamlined Invoicing: Generate professional invoices with ease.
- Financial Clarity: Track income, expenses, and profits in real-time.
- Scalability: Adapt to changing business needs and rates.
- Hourly Rate Calculator: Determine optimal hourly rates based on:
- Expenses (fixed and variable)
- Taxes (federal, state, and local)
- Desired annual income
- Billable hours per week/month
- Invoice Template: Generate customizable invoices with:
- Client information
- Project details
- Hourly rate and total amount
- Payment terms
- Expense Tracker: Monitor and categorize expenses, including:
- Business expenses (equipment, software, etc.)
- Taxes (federal, state, and local)
- Personal expenses (health insurance, etc.)
- Profit and Loss Statement: Visualize financial performance with:
- Income and expense breakdowns
- Net profit calculations
- Graphical representations
- Create a Google Sheet: Go to (link unavailable) and create a new sheet.
- Copy the Template: Search for “freelance hourly fee calculator” in the Google Sheets template gallery and copy the template.
- Customize the Calculator: Input your:
- Business expenses
- Tax rates
- Desired income
- Billable hours
- Update the Invoice Template: Add your logo, client information, and payment terms.
- Regularly Update Expenses: Ensure accurate financial tracking.
- Adjust Hourly Rates: As business needs and expenses change.
- Use Automated Invoicing: Streamline client billing.
- Monitor Profit and Loss: Make informed business decisions.
- Microsoft Excel: Offers similar functionality, but requires software installation.
- FreshBooks: A comprehensive accounting and invoicing platform.
- Wave: A cloud-based accounting and payment processing tool.
- Accurately estimate hourly rates
- Streamline invoicing and expense tracking
- Gain financial clarity
- Scale their business with confidence
- Create a Google Sheet
- Copy the Freelance Hourly Fee Calculator template
- Customize the calculator to your needs
- Start streamlining your financial management