Calculate your daily billing rate from your hourly rate and hours per day. See weekly, monthly, and annual equivalents.
Daily rates work well for longer engagements and simplify invoicing. Hourly rates are better for short tasks or when scope is uncertain. Many consultants offer both options with a slight discount for daily bookings.
The average is approximately 21.75 working days per month (261 working days per year divided by 12). This accounts for weekends but not holidays, which vary by country and industry.
Multiply your hourly rate by your standard working hours. Consider offering a 5-10% discount for full-day bookings as an incentive. Ensure contracts clearly define what constitutes a full day.