Glossary

Time and Material Service

Time and Material Service

A time and material service is a service offering that is billed strictly on a time and material basis. Example of a time and material service offering is a consultant who strictly charges on an hourly basis. Most accountants and lawyers also offer time and material services and a majority of them do not engage in any […]

A time and material service is a service offering that is billed strictly on a time and material basis. Example of a time and material service offering is a consultant who strictly charges on an hourly basis. Most accountants and lawyers also offer time and material services and a majority of them do not engage in any fixed billing engagements.

Area of Application
Project Accounting

Related Terms
Time and Expense
Time and Material
Milestone Billing

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