You may see this listed as labor billing value.
We take the billing rate value that has been saved on each time slip and multiply it by the recorded hours. Whether a time slip is billable, this value is still calculated to reflect its value.
Hours x Billing Rate = Billing Value
Time Slip Billing Value Labor = Hours x Billing Rate
Phase Billing Value Labor = Sum of Billing Value Labor from linked time slips
Project Billing Value Labor = Sum of Phase Billing Value Labor
Note: You can compare your fixed fees to the billing value to see which method of billing would have produced the greater income.