Get the free MONTHLY HOURLY BILLING STATEMENT template

This form does not, and is not intended by the State Bar of Michigan to provide or constitute legal advice and the SBM assumes no liability in connection with this product. MONTHLY HOURLY BILLING

How to fill out monthly hourly billing statement

How to fill out monthly hourly billing statement

1. Gather all the necessary information such as the date range, hours worked, and hourly rate for each task.
2. Create a table or spreadsheet with columns for the task description, date, hours, and rate.
3. Enter the task description for each project or job performed during the month.
4. Add the date, number of hours worked, and hourly rate for each task.
5. Calculate the total amount for each task by multiplying the hours worked with the hourly rate.
6. Sum up all the task totals to get the subtotal for the month.
7. Include any additional charges such as taxes or fees, if applicable.
8. Calculate the final total by adding the subtotal and any additional charges.
9. Double-check all the entries and calculations for accuracy.
10. Format and organize the statement in a professional manner.
11. Save the completed monthly hourly billing statement for future reference.

Who needs monthly hourly billing statement?

1. Freelancers who provide hourly services to their clients.
2. Contractors and consultants who bill their clients based on hours worked.
3. Small business owners who need to track and invoice for hourly services.
4. Companies or individuals who hire freelancers and need detailed billing records.
5. Organizations that require accurate documentation of employee or contractor hours for payment processing or project tracking.
6. Anyone involved in professional services where billing is based on hours worked.

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What is monthly hourly billing statement?

Monthly hourly billing statement is a document that details the hours worked by an individual or employee for a specific month, along with the corresponding billing rate.

Who is required to file monthly hourly billing statement?

Individuals or employees who are paid on an hourly basis and need to account for their time worked in a given month are required to file a monthly hourly billing statement.

How to fill out monthly hourly billing statement?

To fill out a monthly hourly billing statement, one must list all the hours worked during the month, along with the corresponding billing rate for each hour worked.

What is the purpose of monthly hourly billing statement?

The purpose of a monthly hourly billing statement is to provide a detailed record of the hours worked by an individual or employee, along with the corresponding billing rate, for accurate billing and payment purposes.

What information must be reported on monthly hourly billing statement?

The monthly hourly billing statement must include the total number of hours worked, the dates and times of each work period, the tasks completed during each work period, and the corresponding billing rate for each hour worked.