Financial Cents has time tracking built directly into its project management tool to make tracking time easy for your firm.
Tracking time in Financial Cents has major benefits:
You can identify overbudget work
You can track your effective hourly rate (unprofitable clients for your firm)
You can use the time to invoice clients
You can use the time for payroll
You can use the time for capacity management
Since the time tracking is built directly into the project management tool it also allows you to track time on a very granular level.
This means that you can track time to a client, project, and even task, with notes and details around when the time was tracked. This gives you detailed insights into where your firm is spending time so you can easily identify bottlenecks and improve your process.
You can easily track time by clicking the "Track Time" button in the top right corner. You will have the option to track time manually or with a timer.
Before tracking the time you can select details such as the client, project, task, billable vs non-billable, and notes.
While the timer is running you can easily see it displayed in the top right corner to keep it top of mind. You will also have many options like viewing the project or client the time is being tracked to, pausing the timer, or even the ability to switch to another timer very quickly for interruptions.
After the time has been logged you will be able to view the time entries on the project or in the time tracking reports.
Time Tracking Reports
In the reporting section, you can run reports for specific dates ranges.
The reports will give you insights into:
Actual vs budgeted hours to see if you are running over budget
How much of your time tracked was billable vs non-billable
The amount of money you are billing your clients
You can also view the reports on 3 different levels:
Client Reports - To see how much time your firm is spending on individual clients.
Project Reports - To see the type of work your firm is spending most of its time on.
Staff Reports - To track your staff's time and manage payroll.
You also have the ability to drill down into the reports and see the individual time entries for each client, project, or team member. This allows you to easily get more insights and identify why something may be over budget. You can also edit the individual time entries from this view.
You can also easily export all your time tracking data into a CSV or excel file to analyze or import into your other systems.
QuickBooks Online Integration
All your time tracked in Financial Cents can be auto-synced with QuickBooks Online to seamlessly create invoices for your clients. We have a 2-way integration with QuickBooks Online. This means:
If you log or edit a time entry in Financial Cents, it will update in QuickBooks Online
If you log or edit a time entry in QuickBooks Online, it will update in Financial Cents
*** Also, if you use other time tracking solutions like TSheets and integrate with QuickBooks Online it will flow into Financial Cents. So you can track your effective hourly rate (profitability metric) in Financial Cents.
You can learn more about auto-syncing your time entries with QuickBooks Online in this article.