# Rounding
2 items
7-Minute Rounding Rule
A DOL-approved time rounding practice for 15-minute intervals where time punches from 1-7 minutes are rounded down to the nearest quarter hour, and 8-14 minutes are rounded up, ensuring neutral impact on employee compensation when applied consistently.
Quarter-Hour Billing Increment (15-Minute)
A common billing practice in professional services where all work is rounded to the nearest 15-minute increment for invoicing purposes, typically paired with the 7-minute rounding rule where 1-7 minutes rounds down and 8-14 minutes rounds up to the next quarter hour.