Harvest
Time Tracking
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Time Tracking App for Accounting Firms

Accounting firms risk losing 15-25% of billable hours due to inefficient time tracking. Harvest offers a tailored solution to optimize billing and profitability.

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How much revenue is your team leaving on the table?

Most agencies run at 55-60% utilization. Even a small improvement means significant revenue. See what closing the gap looks like for your team.

Number of people who track billable time
$
Blended rate across roles (junior, senior, lead)
55%
Percentage of total hours that are billable. Industry average is 55-60%.
75%
A realistic target for service businesses is 70-80%.
Monthly revenue gap $0
Revenue at current utilization $0/mo
Revenue at target utilization $0/mo
Extra billable hours needed per person/day 0h
Annual revenue opportunity $0

Start tracking team utilization

Walk through the entire flow below. Start a timer, check your reports, and create a real invoice — all in three clicks.

Go ahead — start tracking!

One click and you're timing. Try it right here: start a timer, add an entry, edit the details. This is exactly how it feels in Harvest.

  • One-click timer from browser, desktop & mobile
  • Works inside Jira, Asana, Trello, GitHub & 50+ tools
  • Duration or start/end — your call
  • Day, week & calendar views to stay on top of it all
  • Friendly reminders so no hour gets left behind
Acme Corp
Website Redesign
Homepage layout revisions
1:24:09
Content Strategy
Blog calendar planning
1:30:00
SEO Audit
Technical audit report
0:45:00
Brand Guidelines
Color system documentation
2:15:00
Logo Concepts
Initial sketches round 1
1:00:00
Today's total 6:54:09

The Strategic Imperative: Why Time Tracking is Essential for Accounting Firms

Time tracking is crucial for accounting firms to prevent revenue leakage and maximize billable hours. Firms without a robust time-tracking system may overpay employees by an average of 200 billable hours annually. Moreover, inefficient time management can result in the loss of 15-25% of billable hours, directly impacting profitability. Implementing an effective time tracking app like Harvest can significantly drive revenue, with some firms experiencing up to a 61% increase in revenue. By providing accurate and transparent billing, firms can enhance client trust and make informed strategic decisions based on comprehensive data insights.

Core Features: What to Look for in an Accounting Time Tracking App

When selecting a time tracking app, accounting firms should prioritize features that cater to their unique needs. Harvest excels in this area with its ability to track both billable and non-billable hours and offer customizable billing rates for diverse client engagements. The app's seamless integration with accounting software like QuickBooks ensures a streamlined billing process. Harvest's mobile accessibility allows for on-the-go time entry, while its robust reporting and analytics provide insights into productivity and profitability. These features are essential for firms to manage multiple clients and projects efficiently.

Implementation & Adoption: Best Practices for Your Firm

To successfully implement a time tracking system, fostering a culture of real-time entry and daily submission is key. Memory decay can cause inaccuracies if time is logged later, leading to potential errors. Accounting firms should also define clear guidelines for billable versus non-billable activities and adopt consistent time increments, such as the common 6-minute intervals. Harvest supports these practices with customizable timesheet approvals, ensuring accuracy before invoicing. Providing comprehensive training and communicating the benefits of reduced administrative burden and better workload management can aid in user adoption.

Compliance & Security: Navigating Regulatory Requirements

Accounting firms must adhere to regulatory requirements such as the Fair Labor Standards Act (FLSA), which mandates accurate record-keeping. Harvest supports compliance by maintaining comprehensive audit trails for all time entries and approvals. For firms engaged in federal contracts, complying with DCAA and FAR requirements is crucial. Harvest's real-time tracking capabilities and detailed categorization of labor ensure these standards are met. Additionally, with robust security measures like data encryption and secure authentication, Harvest protects sensitive financial data, addressing the security concerns of accounting firms.

Harvest for Accounting Firms

See how Harvest helps accounting firms track billable hours and manage projects with integrations like QuickBooks.

Harvest time tracking dashboard for accounting firms

Time Tracking App for Accounting Firms FAQs

  • Essential features include tracking billable and non-billable hours, customizable billing rates, integration with accounting software, and detailed reporting. Harvest offers all of these, making it an ideal choice for accounting firms.

  • Harvest integrates seamlessly with QuickBooks, allowing accounting firms to synchronize time tracking data with their billing and financial management systems. This integration streamlines invoicing and financial reporting.

  • Yes, Harvest can track billable hours across multiple clients and projects. It supports flexible billing rates per project or person, making it suitable for managing complex client engagements.

  • Real-time time tracking prevents memory decay that can occur if time is logged later, ensuring accuracy and compliance. It also enhances billing accuracy and client trust. Harvest facilitates real-time tracking with its intuitive interface.

  • Harvest helps accounting firms comply with regulations like the FLSA by maintaining audit trails and offering real-time tracking. It also supports DCAA and FAR compliance for firms engaged in federal contracts.

  • Effective time tracking can prevent revenue loss and improve profit margins by ensuring all billable hours are accounted for. Firms using Harvest have reported up to a 61% increase in revenue due to better time management.

  • Best practices include fostering a culture of real-time entry, defining billable vs. non-billable activities, and providing comprehensive training. Harvest's features support these practices, easing adoption for accounting firms.