Time Tracking & Billing Software for Accounting Firms

TimeRewards gives accounting professionals the tools to stay organized, track billable hours, and deliver accurate invoices – all while ensuring compliance and maximizing profitability.

dashboard accountants

Key Challenges & Solutions

01

Accurately tracking time across multiple clients and projects

Streamlined Time Tracking: Track time by client, project, and task with flexible entry methods.
Accurately tracking time across multiple clients and projects
02

Handling client-specific billing models and expense tracking

Automated Billing: Create invoices for hourly, fixed-fee, or recurring engagements with one click.
Handling client-specific billing models and expense tracking
03

Creating audit-ready records for compliance and financial reviews

Track and report overhead and time off allocation by project to meet grant compliance.

 
Creating audit-ready records for compliance and financial reviews
04

Managing team workflows and preventing oversights

Audit-Ready Records: Keep detailed, compliant logs for financial reviews or audits.
Managing team workflows and preventing oversights

Highlighted features for Accountants

Simplify accounting tasks with automated time logs, expense management, customizable invoices, and role-based permissions for secure financial oversight.

Flexible Time Tracking
Flexible time tracking

  • Log hours accurately with timers, spreadsheets, or clock-in/out.
  • Track billable vs. non-billable time with ease.

Expense Tracking & Approvals
Client-specific billing models

  • Invoice by hourly rates, fixed fees, or retainers.
  • Automate recurring invoices for ongoing engagements.

Audit-Ready
Expense management

  • Upload receipts and track reimbursable expenses for each client.
  • Bill clients directly for approved expenses.

Customizable Billing Options
Insightful reporting

  • Generate productivity, billable hours, and profitability reports.
  • Export data for financial reviews or compliance audits.

download (31) | Accountants

As an accounting firm handling dozens of clients, keeping track of billable hours and reimbursable expenses was always a challenge. With TimeRewards, we've automated invoicing and streamlined our workflows, saving hours every week.

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How it works for Accountants

Our platform simplifies the accounting process by providing a comprehensive set of tools designed to streamline project tracking, billing, and profitability analysis.

download | Accountants
Track billable hours

Log time for every client and project, ensuring no billable hour is missed.

download (1) | Accountants
Approve timesheets & Expenses

Customize workflows to streamline internal reviews.

download (33) | Accountants
Monitor client profitability

Use real-time dashboards to track performance and stay on top of budgets.

download (2) | Accountants
One-click invoicing

Convert approved time and expenses into professional invoices.

download | Accountants
Track billable hours

Log time for every client and project, ensuring no billable hour is missed.

download (1) | Accountants
Approve timesheets & Expenses

Customize workflows to streamline internal reviews.

download (2) | Accountants
One-click invoicing

Convert approved time and expenses into professional invoices.

download (33) | Accountants
Monitor client profitability

Use real-time dashboards to track performance and stay on top of budgets.

Frequently Asked Questions

What is the best time tracking software for accountants?

TimeRewards is the ideal time tracking software for accountants, offering specialized features like multiple billing rates, QuickBooks integration, and accounting-specific reporting. Unlike generic time trackers, TimeRewards understands the unique needs of accounting professionals, with templates for tax preparation, audit services, and advisory work. Our platform helps accountants capture more billable time, improve client billing accuracy, and analyze practice profitability.

How does accountant time and billing tracking software benefit my practice?

Accountant time and billing tracking software like TimeRewards offers multiple benefits: increased billable hour capture (typically 15-20% improvement), reduced administrative work through automation, more accurate client invoicing, detailed profitability insights, and improved resource allocation. The right software transforms time tracking from a tedious task into a strategic tool that directly improves your accounting practice's bottom line.

How does TimeRewards integrate with QuickBooks Online for accountants?

TimeRewards offers a seamless integration with QuickBooks Online specifically designed for accountants. The two-way sync allows you to import clients and projects from QuickBooks, track time in TimeRewards with accounting-specific categories, and then push completed time entries back to QuickBooks for invoicing. This integration eliminates double entry, maintains consistent client records, and streamlines the entire billing workflow for accounting professionals.

What features should I look for in accountant time tracking software?

The best time tracking software for accountants should include: QuickBooks integration, multiple billing rates by client/project/service, accounting-specific templates, approval workflows, comprehensive reporting, mobile access for tracking time at client sites, expense tracking, automatic time capture, and team productivity analysis. TimeRewards offers all these essential features in an intuitive platform designed specifically for accounting professionals.

How does time & billing tracking for accountants differ from generic time tracking?

Time & billing tracking designed specifically for accountants includes essential features like service code categorization (audit, tax, advisory), integration with accounting software (especially QuickBooks), client-specific billing rates, engagement tracking, and reporting that aligns with how accounting firms operate and bill clients. Unlike generic time tracking, accounting-specific solutions like TimeRewards understand the workflows, compliance requirements, and billing practices unique to the accounting profession.

Can accountants track time and expenses in the same software system?

Yes! TimeRewards allows accountants to track both time and expenses in one unified system. This integrated approach ensures billable expenses are properly captured, categorized by client and project, and included in invoices. For accounting professionals who frequently incur reimbursable expenses during client work, having time and expense tracking in the same platform streamlines billing and improves accuracy.

Is QuickBooks online accountant time tracking better than standalone solutions?

While QuickBooks Online offers basic time tracking, dedicated solutions like TimeRewards provide significantly more robust features specifically designed for accountants' needs. TimeRewards offers deeper client/project organization, multiple billing rates, comprehensive reporting, and team productivity tools while still maintaining perfect integration with QuickBooks. This specialized approach gives accountants the best of both worlds: advanced time tracking with seamless QuickBooks connectivity.

How can accountant time & billing tracking software program improve profitability?

An accountant time & billing tracking software program like TimeRewards directly improves profitability in several ways: capturing previously unbilled time (typically 10-15% more billable hours), reducing administrative overhead through automation, providing insights into service line profitability, optimizing team utilization, and improving cash flow through faster, more accurate invoicing. Our clients typically see ROI within the first month of implementation.

What reports do accountants need from time tracking software?

Accountants need specialized reports from their time tracking software, including: billable hours by client, service profitability analysis, team productivity and utilization, work-in-progress (WIP) reports, realization rates, client budget tracking, and year-over-year comparisons for seasonal work like tax preparation. TimeRewards offers all these accounting-specific reports with customizable parameters to match your practice's specific needs.

How do accountant time tracking systems handle different billing methods?

Modern accountant time tracking systems like TimeRewards accommodate multiple billing methods including hourly billing, fixed-fee engagements, value pricing, and retainer arrangements. The system tracks actual time spent even on fixed-fee work, allowing accountants to analyze profitability of different pricing models and make data-driven decisions about future service pricing. TimeRewards also supports blended rates, tiered pricing, and different rates by service type or staff level.

Ready to track time and bill more accurately?

Start tracking time & Billing more accurately today

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