It is my time - all the time | AccountingWEB

It is my time - all the time

Now that I am responsible as a sole practitioner for all of my time, I have learned that I must make time in order to charge my time. All the time I previously counted as billable time now has to be allocated. There’s meeting time, networking time, driving time, corresponding time, and client time, not all of which is chargeable.

 
Each day, one wonders where the time goes. For example, I recently started one day counting my time as CPE, followed by allocating time to billing and reading. I maximized my time by reviewing correspondence just one time, then deciding how to use that future time.
 
This blocked schedule of time ended at mid-morning, at which time I could record billable time – lasting all of 90 minutes.  I had scheduled travel time as part of lunch time, which turned out to be a mix of networking and marketing time. When was I going to find the time for more billable time?
 
After-lunch time started as client catch-up time, followed by phone time to help finish my project in a reasonable time. The rest of the afternoon was chargeable time – I shut off Internet access to not spend time on email and the Web, focusing my time on the job at hand. But time passed quickly, and soon it was time to head home.
 
No sooner did I arrive at my house than it was time to access email and check messages, spend time marketing and finish the day by recording the time in my planner, which helps me track each day, week and month one at a time.
 
Each day, time quickly passes by. Some days, my time feels productive; other days I seem to waste time. But all my time is used to help me enjoy the time I now control. But I am out of time for this post. My overall progress in this venture will have to wait until the next time.

 

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Alan is a sole practitioner based in Central Ohio. He made a career change at 40 after working as a journalist for more than 15 years. Alan started his practice in May 2010 and currently focuses on not-for-profit organizations, individuals and small businesses. He has helped a number of nonprofits obtain their tax-exempt status and assisted others with their audit, compliance and tax needs. Alan has overcome many obstacles, and has spent the past 11 years primarily as an auditor. He also has worked on audits of financial institutions, closely-held businesses and began his second career as an ABL field examiner.

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