Time to Decimal Calculator

Convert hours and minutes into decimal hours for timesheets and payroll, or turn decimal hours back into hours and minutes.

Bookkeeping Formula Reference

Every formula used by these calculators. They match the FNSACC323 Perform financial calculations unit.

Tax
GST: Add
Price inc GST = Price ex GST × 1.1
e.g. $100 × 1.1 = $110
GST: Remove
Price ex GST = Price inc GST ÷ 1.1
e.g. $110 ÷ 1.1 = $100
GST: Find Amount
GST = Price inc GST ÷ 11
e.g. $110 ÷ 11 = $10
Business
Markup
Selling Price = Cost + (Markup% × Cost)
e.g. Cost $50, Markup 20% → SP = $50 + ($50 × 0.20) = $60
Profit Margin
Selling Price = Cost ÷ (1 − Margin%)
e.g. Cost $50, Margin 20% → SP = $50 ÷ 0.80 = $62.50
Sales Commission
Commission = Rate% × Total Sales
e.g. $10,000 sales at 5% → Commission = $500
Simple Interest
Simple Interest
Interest = Principal × Rate × Number of Periods (T)
I = P × R × T
e.g. $300 at 2% for 1 year → I = $300 × 0.02 × 1 = $6
Total Value / Total Repayable
Total = Principal + Interest
e.g. $300 + $6 = $306
Compound Interest
Future Value (Compound)
FV = PV × (1 + i/n)^(n×t)
PV = present value, i = annual rate, n = periods/year, t = years
Present Value
PV = FV × (1 + i/n)^(−n×t)
How much to invest now to reach a future target
Loan Repayment
Repayment = P × [rp × (1 + rp)^N] ÷ [(1 + rp)^N − 1]
rp = rate per period, N = total periods
Depreciation
Straight Line: No Residual
Depreciation = Total Cost ÷ Effective Life
e.g. $11,000 ÷ 5 yrs = $2,200 per year (same each year)
Straight Line: With Residual
Depreciation = (Total Cost − Residual) ÷ Effective Life
e.g. ($11,000 − $1,000) ÷ 5 = $2,000 per year
Diminishing Value: Rate
Rate % = 200% ÷ Effective Life
e.g. 200 ÷ 12 yrs = 16.67%
Diminishing Value: Depreciation
Depreciation = Rate % × Carrying Amount
Applied to the reducing book value each year, bigger early, smaller later

GST Calculator (Australia)

GST Rate: 10%
$

Results

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Markup / Profit Margin

Markup calculates profit as a percentage of the cost price. Profit Margin calculates profit as a percentage of the selling price.

SP = Cost + (Markup% × Cost)
$
%

Results

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Sales Commission

Commission = Rate% × Total Sales
$
%
$

Results

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Break-Even Point

Units = Fixed Costs ÷ (Price − Variable Cost)

Fixed Costs stay the same no matter how much you sell (e.g. rent, insurance). Variable Cost is what it costs to make or deliver one single unit (materials, packaging, per-item shipping) — it goes up and down with sales, unlike fixed costs. Selling Price is what you charge per unit.

$
$
$

Results

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Simple Interest

I = P × R × T
$
%

Results

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Compound Interest

FV = PV × (1 + I)ᴺ
$
%
$

Results

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Present Value

PV = FV × (1 + I)⁻ᴺ
$
%

Results

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Depreciation

Depn = (Cost − Residual) ÷ Life
$
$

Results

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Time to Decimal

Decimal Hours = Hours + (Minutes ÷ 60)
hrs
min

Results

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Pay Calculator (Before Tax)

Gross Pay = (Rate × Ord. Hours) + (Rate × OT × OT Hours)
$

Results

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GST / VAT / Sales Tax Calculator

Rate: 15%
%
$

Results

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How to convert time to decimal

Decimal Hours = Hours + (Minutes ÷ 60)

Example. 7 hours 45 minutes = 7 + (45 ÷ 60) = 7.75 hours.

At $32 an hour that is 7.75 × $32 = $248.00.

Why it matters

Payroll multiplies hours by a rate, and that only works in decimals. Typing 7.45 for 7 hours 45 minutes underpays by 18 minutes, because 0.45 of an hour is 27 minutes.

Minutes to decimal chart

MinutesDecimalMinutesDecimal
50.08350.58
100.17400.67
150.25450.75
200.33500.83
250.42550.92
300.50601.00

Once the hours are in decimal form, take them to the pay calculator to work out gross pay. There’s a fuller chart in Minutes to decimal hours.

Frequently asked questions

What is 15 minutes as a decimal?

0.25 hours. Divide the minutes by 60: 15 ÷ 60 = 0.25.

How do I convert decimal hours back to minutes?

Multiply the decimal part by 60. For 6.4 hours, 0.4 × 60 = 24, so it is 6 hours 24 minutes.

Is 7.30 hours the same as 7 hours 30 minutes?

No. 7 hours 30 minutes is 7.5 decimal hours. 7.30 decimal hours is 7 hours 18 minutes.

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