Calculator template

Day Rate Template

Turn income goals, expenses, billable days, and tax reserve into a day-rate calculator you can edit.

Review the inputs and formulas below, then open this template in the calculator builder to customize the field names, values, result styles, and notes.

Inputs

What people fill out

  • Income goal

    Uses income_goal in formulas, starts as a currency field, and begins at 7000.

  • Expenses

    Uses expenses in formulas, starts as a currency field, and begins at 1200.

  • Billable days

    Uses billable_days in formulas, starts as a number field, and begins at 16.

  • Tax reserve

    Uses tax_reserve in formulas, starts as a percent field, and begins at 25.

Outputs

What the template calculates

  • Required day rate

    Format currency

    Result style primary

    Formula (income_goal + expenses) / (billable_days * (1 - tax_reserve))

    Day rate needed to hit the target after reserve.

  • Pre-tax target

    Format currency

    Result style metric

    Formula income_goal + expenses

    Revenue target before the reserve is set aside.

Use cases

When this template helps

  • Estimate a day rate from monthly goals and billable days.
  • Include expenses and tax reserve before quoting work.
  • Adapt a day-rate calculator for consulting or freelance projects.

Related

More ways to work with this math

Day rate calculator

Compare the template with the live calculator page for day-rate planning.

FAQ

Quick answers

Short answers for the questions that usually come up first.

Can I edit this day rate template?

Yes. Open the template in the builder, then change the labels, values, formulas, notes, or output display styles to fit your workflow.

Can I save a version after I change it?

Yes. Save it on this device, export JSON, or copy a share link after you make changes.

Can I use this as a starting point for a different calculator?

Yes. Templates are meant to be edited. Remove fields, add new ones, or swap formulas if you want a different custom calculator.