Billable: meaning, definitions and examples

Used mainly in professional services such as law, accounting, or consulting to describe hours or activities that can be charged to a client.

• The lawyer logged 20 billable hours for the week.
• This project requires careful tracking of billable tasks.

Often used to describe any item, service, or activity for which a fee can be charged. This can apply to various industries, not limited to professional services.

• The maintenance work on the car is chargeable.
• A small fee is chargeable for using these facilities.

Pertains to goods or services that can be included on an invoice. This term is common in business and commerce.

• The marketing materials we've created are all invoicable.
• Is this additional service invoicable?

Used to indicate something that must be paid or is due for payment. It is commonly used in accounting and finance.

• The invoice is payable within 30 days.
• The amount payable for the services rendered is $200.

Used in business and legal contexts to describe services or hours that a professional can charge to a client.

• The lawyer's time is billable, so every hour she spends on the case will be charged to the client.
• Make sure you record all billable hours accurately.

Used to describe expenses that can be paid back to someone after they have spent their own money, usually by an employer or insurer.

• Medical costs incurred during the business trip are reimbursable.
• Keep all your receipts; they are reimbursable expenses.

Used more broadly to describe any cost or expense that can be charged to someone or something. It can also imply costs subject to taxes or fees.

• The damages to the rental car are chargeable to the renter.
• This amount is chargeable to your credit card.

Used in accounting and business to describe costs that can be logged and claimed as business expenses.

• The business lunch is expensable, so keep the receipt for reimbursement.
• Travel costs for the conference are expensable.