Time in Excel is tricky when you try to covert time to decimals. Example: 2:00 is two hours and zero minutes. Multiple 2:00 by $20 and you get 1.67 as a decimal. Two hours x 20 should be $40 billable amount. The trick is to multiply the hours and minutes by 24.

There are 24 hours in a day. Midnight in Excel is 0. 12 Noon or 12 PM in Excel is 0.5

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