...
On an invoice you can show either a back calculated rate or what we call a nominal rate. The back calculated rate can have penny differences. Here is an example of that.
Given the this equation: hours * rate = client amount, Hours . Hours and Client Amount are constants. That leaves only Only rate to can change.
- Your rate is $133.33 per hour
- You work 0.5 hours
- Your billable cost is 133.33 * 0.5 = 66.665
- Projector rounds this up to $66.67
...