This calculation might take some time, depending on how familiar you are with your expenses (10-30m). Use your bank statements and/or accountancy program for an accurate calculation.
This calculator only accounts for the hourly rate you need to cover your expenses.
These are the costs that you need to keep your business going. Think about ....
Make sure to put in your monthly costs! E.g. if you pay €450 per quarter to your accountant, the monthly cost is €150.
These are the costs you need to make to live a comfortable life. This means luxury trips, weekly massages or savings shouldn't be included. Think about...
Make sure to put in your monthly costs!
Also think about sick days, public holidays, ...
*Hours you get paid for. This means admin does not count as a billable hour. TIP: If you included the wages of your team members in your business costs, you have to include their billable hours as well to make sure the calculation is correct.
TIP: I always use 50% to be safe (as someone living in Belgium).
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