Written on by Ratio.
Start from what you want to earn and work back to a rate you can quote. Each line shows its answer, so you can change a number and see the rest follow. For billing, see the invoice calculator.
From income to hourly rate
Name the monthly goal and the hours you can bill.
| income = 4800 eur | €4,800.00 |
| income * 12 | €57,600.00 |
| hours = 6 * 5 * 4 | 120 |
| income / hours | €40.00 |
Pricing a project
| rate = 55 eur | €55.00 |
| rate * 8 | €440.00 |
| 3 days * 8 * rate | €1,320.00 |
| rate * 40 + 19% | €2,618.00 |
Discounts, VAT and other currencies
| 1200 eur - 20% | €960.00 |
| 1200 eur + 19% | €1,428.00 |
| invoice = 2400 usd | $2,400.00 |
| invoice in eur | €2,142.27 |
Set aside tax with “income * 12 * 25%”, and see VAT by country and working days for deadlines.
Try Ratio free for 7 days · $14.99 once, updates included
Questions
How do I work out my hourly rate? Divide the monthly income you need by the hours you can really bill, for example “4800 eur / 120”. Count only billable hours, not all working hours.
Can I quote in my client's currency? Yes. Write the amount in your currency and add “in usd” or any other code; Ratio converts at the live rate.
Does it add VAT? Yes. “1200 eur + 19%” adds a percentage, and the VAT calculator page covers rates by country.