Time is a valuable resource for any business, but that’s even more true in professional services. Your time’s value is directly tied to your potential profitability. That’s why time-tracking software for accurate time management is something most service-based businesses can’t afford to go without.

A time-tracking business tool can improve resource management, help divide workload evenly across your team and give your leaders new insights into billable vs. non-billable time. With this information at the ready, you can accurately charge clients for the work you deliver — and that’s where having the right invoicing tool comes in.

Regardless of business size, building an invoicing process that relies on accurate time data is the best way to ensure your business remains profitable. Because of this, many businesses seek an invoicing solution with time-tracking capabilities.

No matter what stage your business may be in today, some tools can help your team better manage — and charge for — your time. Below we’re diving into some of the best time-tracking and invoicing software solutions for tracking time, billing clients and managing your client work so that you can find the solutions that meet your current needs.

Why Should You Use Time-Tracking Software?

Time management is important for any business looking to be productive, but for a professional services business, the quality of your time management can determine your ability to sustain and grow your business. For teams just getting started or that may require granular time management, finding a time-tracking software solution should be a top priority.

Scenario: Your company recently implemented a new project management software with the ability to generate custom invoices based on projects completed. As your team begins to create invoices to send to clients, you realize that you may be missing critical billable hours. You need a more advanced time-tracking tool that can capture granular time reports and provide the data you need to accurately bill for your client work.

In the above case and countless others, the conclusion is that outdating timekeeping methods and tedious timesheet approvals can’t keep up with the needs of modern businesses. When you equip your team with a way to easily complete time entries from anywhere via a cloud-based software solution, you’re almost guaranteed to see:

• Fewer timesheet errors — and, therefore, a less time-consuming billing process
• A boost in employee productivity due to decreased administrative tasks
• Increased employee utilization because of the ability to focus on billable work

Why Should You Use a Billing Management Solution?

When you’re managing multiple clients with multiple projects each, keeping track of employee time by itself isn’t enough to efficiently manage your business processes. You need an invoicing solution to make use of that time data so that you can confidently invoice and get paid for all of your billable work.

Scenario: You run a growing service-based business and are looking to develop your tech stack to meet the demands of your expanding client base. You’ve been manually managing employee time or client payment records in a spreadsheet, but to sustainably scale, you need a tool that can automate these processes and provide you with more reliable data so you know that you’re billing your clients accurately.

Choosing an invoicing software with built-in time-tracking features is a great way to:

• Ensure you’re getting paid for ad-hoc work
• Increase efficiency by streamlining software functionality
• Reduce the need for additional integrations in your tech stack

How to choose the best time tracking and billing software

Your business’s best time and billing software depends on your needs and processes. Are you a freelancer, growing agency, consultancy, or enterprise-level organization?

But any solid time tracking and billing platform should include these core features:

• Accurate time tracking: The ability to precisely track billable and non-billable time to specific projects, tasks, employees, and activities
• Flexible rate setting: Set different hourly, project, and retainer rates for different services, role levels, clients, etc
• Reporting and analytics: To improve profitability, detailed reporting on billable/non-billable hours, utilization rates, and budgets vs. actuals is required
• Easy invoicing: Quickly turn approved timesheets into invoices integrated with billing and payments.
• Integrations: Software that easily connects with tools you already use, like accounting systems, payroll, CRM, calendars, etc

When evaluating options, pay close attention to the time tracking and reporting features—this is what drives visibility and billing accuracy.

Now, let’s get into some top-rated time and billing platforms agencies and consultancies rely on.

Time Tracking and Invoicing Features of Oas36ty

You do not need to use separate tools for tracking time and creating invoices for clients as Oas36ty offers you both. Many users around the world are using this time tracking and invoicing software with top satisfaction. Let’s explore the cool features of Oas36ty.

Flawless Time Tracking and Invoicing

Whether you are a freelancer, an independent contractor, or an agency owner, Oas36ty is going to assist you with its advanced agency time-tracking feature. Every second matters here as it is important for payroll.

Project and task time tracking

Oas36ty lets you create projects and track time. To make the projects easy-going you can also create multiple tasks under the same project and track time. Switching between the tasks while tracking time needs a single click only.

Timesheets

Get daily, weekly, biweekly, and monthly timesheets from the Oas36ty dashboard. You can check the timesheets check the timesheets of the individual tasks. Know the time spent on a task, evaluate it and optimize it while doing the same task next time.

You can also delete the time that was tracked unnecessarily or mistakenly.

Manual time entry

Forgot to track the time of a project or a task? No worries, you can add the time manually. Make sure that you or your employee write the right cause for the missing time.

Pomodoro Tracker

Working continuously can be monotonous and we also often forget to take breaks. The Pomodoro breaks tracking feature of Oas36ty lets you take systematic breaks after a definite interval of time.

Advanced Reporting

The advanced reporting feature of Oas36ty gives you an overview of timesheets, apps and Urls usage, and manual time entry. If you are working for a client, you can share the detailed report by downloading and from the web app. It will help you to remain transparent and gain client satisfaction.

Oas36ty- Best software for invoices

Oas36ty has got an invoicing feature along with time tracking. It’s very easy and straightforward to create invoices from Oas36ty. It is considered the best software for invoices because the process is incredibly effortless.

Let’s know the invoicing process in brief.

Create invoice

From the Oas36ty web app you can easily create invoices for your clients. Add your client details in the web app. Select the project and your payroll will be shown automatically. While creating a project you can add the billing method. Billing methods available in Oas36ty are fixed budget, project hourly rate, and employee hourly rate. Add the tax rate if applicable and create the invoice.

Review the invoice, send and get paid.

Before you send the invoice directly to your client, do not forget to review it. Oas36ty lets you see the invoice as the client. Once you have checked every detail of the invoice, you can send that directly to your client.

Why should you use time-tracking software with an invoicing feature?

There are some cool benefits of using time-tracking software that has an invoicing feature. Let’s know more

• Time tracking lets you keep count of work hours. You can see which project and task has taken how much time. While doing the same task, you can optimize further.
• As you can set the pay rate of the employees, it accelerates the accounting activities by automatically creating the payrolls. It is more feasible if you have hourly paid employees. You can also set the employee bill rate which will be useful for billing the client.
• Time tracking with an invoicing feature can assist you in not using multiple tools. With the right time-tracking software, sending an invoice to a client is as easy as clicking a few buttons. By having your time tracking system automatically generate your invoices, you can quickly include all of the relevant information regarding the time spent.
• Once you keep track of you client’s projects, you can easily check the profitability. Analyzing the project’s performance, you can take corrective measures to improve further.
• Keeping records is important for every type of business. In a time tracking software, you can keep a record of the work hours of your employees, their payrolls and the projects you complete for your clients. You can also keep the invoices saved.
• Automation can help you minimize your work hours and increase efficiency. A time tracking and invoicing feature helps you reduce many of your admin tasks with comparatively lower cost.

Like above, there are ample benefits of time-tracking software with invoicing. If you are looking for this type of software, you can have a try with Oas36ty. Oas36ty offers competitive pricing compared to its competitors.

How to track time and create an invoice in Oas36ty

With few simple steps, you can create invoices based on tracked time with Oas36ty. Let's see the steps in short

1. Create an account

Go to the Oas36ty sign-up page and create an account. In a 10-day free trial, you even do not need to add any payment method. Choose the plan suitable for you. Now, you need to create an organization.

2. Create a Project and Start Tracking Time

Under organization, you need to create at least one project to get started. You can create multiple projects, which will help manage multiple clients. Once the project is created, you are now ready to start tracking time. Create tasks under projects to make the work process easy.

While creating a project, you can set the billing details. It can be fixed or hourly basis. Please check our detailed guidelines on the project.

3. Download Oas36ty App

You are done with the onboarding process of Oas36ty. Now download the desktop/mobile app and start tracking your time. Check the dashboard of Oas36ty for timesheets, reports, payroll, invoices, and other features.

4. Add client

You are now done with the time tracking setup. To create an invoice, you need to add your client. Go to the Oas36ty web app, and add a client.

5. Create an invoice

If you have set the billing of the project in any project hourly rate or person hourly rate, Oas36ty will calculate the payment automatically based on time tracked under the project. To create an invoice in Oas36ty follow these steps.

• Go to the Invoice option of Oas36ty and click on “Create New Invoice”
• Now select the client for whom you want to make the invoice. Choose the project and the billing will be updated automatically. Add tax if applicable. Now you have the option to save it as a draft or send it directly. To send the invoice, click on “Save and Send”. You will find the client; email address and you can send the invoice.
• While sending the receipt you have the option to preview it and print or download it as PDF.

To check your draft invoices or the ones you have created before, just go to the Invoice option in the Oas36ty web app. You can edit, send mail, preview or delete the invoices from the action button.

What makes Oas36ty the best Time-Tracking and Billing solution?

Apart from being the highest-rated time and billing solution based on independent user reviews, here are a few other reasons why Oas36ty is the best time and billing solution for your business:

1. Comprehensive Time Tracking – Oas36ty provides robust time tracking capabilities, allowing users to accurately record and track time spent on different tasks, projects, or clients. Oas36ty also offers multiple time entry methods such as timers, manual entries, and integration with other tools.
2. Multi-platform Support – Oas36ty supports time tracking on multiple platforms, including desktops, mobiles, tablets, time tracking extensions, and messaging apps such as Slack and Microsoft Teams.
3. User-Friendly Interface – Oas36ty’s interface is extremely user-friendly and easy to navigate. With a clean, organized layout, and clear menu structures, it provides users with a seamless experience to track time and manage billing without excessive manual effort.
4. Scalability and Customization – Oas36ty scales with your business as it grows by accommodating an increasing number of users, clients, and projects. Additionally, Oas36ty allows customization to meet specific business needs, such as the ability to set different billable rates and flexible reporting options.
5. Detailed Reporting and Analytics – Oas36ty provides detailed insights and analytics, with the ability to generate comprehensive reports on billable hours, time utilization, project profitability, and other key metrics to help you make informed decisions.
6. Integration Capabilities – Oas36ty seamlessly integrates with the world’s leading software systems. These integrations streamline data exchange, eliminate duplicate data entry, and reduce errors by automatically transferring time data to the software system.

What makes Oas36ty's accountant-client management software the best time and billing solution for accounting firms?

While many software companies offer generic, one-size-fits-all time and billing solutions, Oas36ty is specifically designed by accountants for accountants. That means every one of our time and billing tools is fine-tuned for the needs of modern accounting firms and their workflows, from small business owners to massive tax and accounting firms.

Oas36ty also goes far beyond simply helping accounting firms track time and send invoices. In addition to robust time tracking and flexible invoicing tools, Oas36ty offers business solutions including:

• Secure file sharing and eSignature functionalities
• Accounting portal software for client communication
• Project management features
• Document management tools
• In-depth reporting and analytics
• Workflow automation

Plus, popular accounting programs integrate with Oas36ty, so you don’t have to give up the software you love. And with everything you need in one place, Oas36ty lowers your overall software costs.

Ultimately, this is in service of our larger goal: helping accounting firms maximize their time and run the most successful and profitable firm possible. You could try using free accounts payable software, but those generic solutions don’t cater specifically to accountants, and you’ll end up losing more money trying to jury-rig the software to fit your needs.

And because we really do care about making accountants’ lives easier, our software support team is always there to help you get the most out of our software —at no additional charge. You can even try a free version of Oas36ty for 14 days before paying to see if we're right for your firm.

What is time billing software?

Time billing software, also known as time tracking and billing software, is a tool or application designed to help organizations and professionals accurately track the time spent working on various tasks, projects, or clients and generate corresponding invoices based on the time recorded.

It combines time tracking and billing functionalities into a single software solution to streamline and automate time tracking and billing processes.

What is the most important aspect of tracking time for billing?

The most important aspect of tracking time for billing is accuracy. Accurate time tracking ensures that you record the actual time spent on tasks, projects, or client work, which forms the foundation for generating precise and accurate invoices for your clients.

Not only does accurate time tracking directly impact your revenue generation, it also ensures that you aren’t underbilling and overbilling your clients, which in turn fosters trust and maintains positive client relationships.

To ensure accuracy in time tracking for billing, it’s important to adopt reliable time tracking methods, such as using dedicated time tracking software with validation mechanisms, which can further enhance the accuracy of your time tracking process.

How much does a time billing app cost?

The cost of a time billing software varies depending on various factors, such as the features offered, the number of users, and the complexity of the software.

Some software programs offer more affordable options to individuals or small businesses than higher-priced solutions with more advanced features for larger organizations, while others are free forever for an unlimited number of users, such as Oas36ty’s time billing app.

Is there a free time tracking and billing software?

Yes, there is! Oas36ty’s time tracking and billing software is 100% FREE for an unlimited number of users.

And if that isn’t enough, Oas36ty is also the highest-rated time tracking and billing software according to independent user reviews – it’s no wonder thousands of users sign up with Oas36ty every month!

How Oas36ty's Time Invoicing Software Works

Oas36ty's time tracking and invoicing software enables businesses to track billable hours and automatically generate invoices based on the recorded time. The platform's time-tracking invoice feature ensures accurate billing by capturing the time spent on specific tasks or projects, allowing organizations to create detailed timesheet invoices. Furthermore, Oas36ty's time tracker with invoicing offers customizable invoicing templates, making it easy to create professional-looking invoices that reflect your brand identity.

In addition to time invoicing, Oas36ty offers a variety of invoicing features, such as online payment processing, automatic payment reminders, and multi-currency support. The software also integrates with popular accounting and project management platforms, streamlining your workflow and saving time on administrative tasks. Oas36ty's invoicing software for consultants and other professionals is a versatile and powerful solution for managing the billing process.

The Benefits of Using Oas36ty for Time Invoicing

There are numerous advantages to using Oas36ty for time invoicing. Firstly, by automating the process of creating and managing invoices, Oas36ty saves businesses valuable time and resources that can be better spent on more productive tasks. The platform's time tracking and invoice software ensures accurate billing, reducing the likelihood of disputes and improving overall client satisfaction.

Additionally, Oas36ty's time tracking and invoicing software offers valuable insights into your organization's financial performance, helping you identify areas for improvement and optimize your billing processes. The platform's comprehensive reporting features provide an in-depth view of your revenue, outstanding invoices, and more, allowing you to make data-driven decisions for your business.

Lastly, Oas36ty's online time tracking and invoicing capabilities are accessible from any device, enabling you to manage your billing process from anywhere and at any time. With its user-friendly interface and powerful features, Oas36ty is an invaluable tool for businesses looking to simplify their time invoicing process and improve overall efficiency.

In conclusion, Oas36ty's time invoicing software is an essential addition to any business looking to streamline its billing process and optimize its financial management. By automating time tracking and invoicing, Oas36ty ensures accurate billing, saves valuable time, and provides valuable insights to drive your business's success. Experience the benefits of efficient time invoicing with Oas36ty and elevate your business to new heights.

FAQ’s

What is a timesheet invoice?

A company issues a timesheet invoice to its clients based on the hours its employees worked on a project. Businesses that provide clients with services based on billable hours utilize timesheet invoicing, which, in return, helps boost employee productivity.

What does invoice tracking mean?

Invoice tracking is basically the automation of the accounting processes concerned with a business's payables and receivables right now. It involves keeping track of each invoice from when your company receives it until you pay it.

Why is invoicing on time important?

A timely invoice serves as a reminder to the consumer that payment must be scheduled and money is due. On the flipside, paying promptly allows you to enhance your supplier connections and trustworthiness.

Can you use Excel for invoicing?

Microsoft Excel offers convenient features in calculating and maintaining intricate time and work hour-related information for invoicing, making it a suitable medium for invoicing. You can create professional-looking invoices with templates provided by Excel, which is customizable. However, affording a time tracker with invoicing capabilities can help you surpass the limitations of Microsoft Excel.

How can time billing help you run a help desk?

Time billing is a critical feature that helps you track how much time your agents spend troubleshooting issues for specific clients. Service Level Agreements (SLA) often specify that customers will receive a predetermined number of hours of dedicated support as part of their contracts.

If it includes time billing tools, a help desk can provide you with access to metrics that are helpful both for staying in compliance with SLAs and for billing purposes. By measuring time spent on support requests, you can also ensure that agents are meeting the productivity levels you set for them.

What time billing metrics do help desks monitor and report on?

If you use comprehensive help desk software, your platform should provide an overview of how much time agents spend working on both specific tickets and support requests from each client.

For measurement purposes, you’ll want to receive a breakdown detailing which clients and support requests took up most of your agents’ time during specific periods, as well as information on the total hours worked and which agents were assigned to what tasks. Measuring and reporting on this data helps to streamline invoicing and makes it easier to ensure that you’re meeting SLAs.

How can help desk software improve billing management?

Help desk software should enable you to measure how much time you spend working on each client’s support requests. This information is critical when it comes to invoicing. In some cases, this type of software may integrate with third-party billing platforms, so you can easily generate and submit invoices.

Depending on the software you use, that process can even be automated. Either way, by streamlining billing and invoicing, help desk software frees up time for other management tasks and enables agents to devote more resources to resolving tickets.

What is CRM software, and how does it benefit businesses?

CRM stands for Customer Relationship Management. It is a software solution designed to help businesses manage and optimize their customer interactions, sales processes, and marketing efforts. CRM software, like Oas36ty CRM, benefits businesses by streamlining operations, improving customer relationships, enhancing sales and marketing effectiveness, and providing access to critical data for informed decision-making.

How can Oas36ty CRM streamline business processes?

Oas36ty CRM streamlines business processes by automating repetitive tasks, such as data entry and follow-ups, allowing teams to focus on more important activities. It centralizes customer data, making it easily accessible and organized. The software also provides tools for task management, collaboration, and workflow automation, optimizing overall productivity.

Can Oas36ty CRM help me improve customer relationships?

Absolutely. Oas36ty CRM offers features that enable personalized communication, targeted marketing campaigns, and timely follow-ups. By understanding your customers better and providing exceptional service, you can build stronger relationships, increase customer satisfaction, and foster long-term loyalty.

How does Oas36ty CRM enhance sales and marketing effectiveness?

Oas36ty CRM provides tools for lead tracking, pipeline management, and customer behavior analysis. These features help sales and marketing teams identify opportunities, prioritize leads, and tailor marketing efforts for better conversion rates. The software also offers reporting and analytics capabilities, allowing you to monitor performance and make data-driven decisions to optimize sales and marketing strategies.

Is Oas36ty CRM accessible remotely?

Yes, Oas36ty CRM is a cloud-based CRM software. This means you can access your CRM system from anywhere with an internet connection. Whether you're in the office, on the go, or working remotely, you can retrieve and update customer data, collaborate with team members, and stay connected to your business operations.

Can Oas36ty CRM help reduce costs?

Yes, Oas36ty CRM can help reduce costs in several ways. By automating manual processes, it eliminates the need for repetitive data entry, saving time and minimizing errors. The software's analytics and reporting capabilities also enable you to identify inefficiencies, optimize resources, and make data-driven decisions that contribute to cost savings. Additionally, by improving sales and marketing effectiveness, Oas36ty CRM helps increase revenue and ROI.

Is Oas36ty CRM suitable for small businesses?

Yes, Oas36ty CRM is suitable for businesses of all sizes, including small businesses. Its scalability allows it to grow alongside your business needs. Oas36ty CRM provides affordable pricing plans and offers features that cater to the specific requirements of small businesses, empowering them to streamline operations, enhance customer relationships, and drive growth.

Is training and support available for Oas36ty CRM users?

Yes, Oas36ty CRM provides training and support for its users. They offer comprehensive onboarding and training programs to help businesses get up to speed with the software quickly. Additionally, their customer support team is readily available to address any questions or issues that may arise during the implementation and usage of Oas36ty CRM.