Harvest
Time Tracking
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Time Tracking App for Auditors

Harvest is a time tracking app designed for auditors to manage billable hours and ensure compliance with auditing standards through automated tracking and detailed reporting.

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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 of Time Tracking for Audit Firms

Effective time tracking is crucial for audit firms, as time serves as their primary inventory and revenue driver. Inefficient time tracking systems can result in a significant loss of billable hours, with professional services firms potentially losing 15-25% of these hours. For a 50-person firm billing $200 per hour, this could mean a revenue loss of $780,000 to $1.3 million annually. Moreover, manual tracking often leads to inaccuracies, which can cost firms over $60,000 per year per employee.

Beyond revenue concerns, implementing robust time tracking solutions like Harvest can enhance productivity, improve resource allocation, and increase client transparency. Harvest’s automated time tracking saves professional service teams 5-10 hours weekly per team member in administrative tasks, thereby reducing time theft and payroll errors. This strategic approach not only mitigates risks but also contributes to overall efficiency and profitability.

Essential Features of an Auditor-Specific Time Tracking App

For auditors, a time tracking app must offer features tailored to their unique needs. Harvest provides automated and flexible time entry options, including one-click timers and manual entry, available across multiple platforms such as mobile and desktop. With Harvest, auditors can manage projects and tasks with detailed categorization of billable and non-billable hours, ensuring precise time allocation.

The ability to generate robust reports is essential for client invoicing and profitability analysis. Harvest excels with detailed reporting capabilities that support audit trails and client billing. Additionally, Harvest's integration with accounting software like QuickBooks and Xero facilitates seamless financial reporting. Security features, such as Harvest’s audit-ready timesheets and Activity Log, protect sensitive client data and maintain data integrity, making it an ideal choice for auditing professionals.

Ensuring Compliance and Audit Readiness

Compliance with auditing standards and labor laws is a top priority for audit firms. Harvest aids in meeting these standards by offering features that ensure accurate and compliant time records. For example, its one-click timers and manual time entry options help firms comply with FLSA regulations regarding hours worked, overtime, and breaks. Furthermore, Harvest's timesheet approval feature allows supervisors to verify and lock time entries, ensuring their accuracy and integrity.

For government contractors, Harvest supports DCAA compliance by maintaining secure audit trails that track every action, from entries to approvals, ensuring accountability and transparency. Regular audits and transparent policies further enhance compliance, making Harvest a reliable tool for audit readiness. By using digital systems like Harvest, firms can create tamper-proof records, which are essential for audits and maintaining compliance.

Implementation Best Practices and Measuring ROI

Implementing a time tracking system like Harvest requires a structured approach. Start by auditing current processes to identify pain points, then pilot the system with a small group to test functionality and integration with existing systems. This phased approach ensures smooth adoption and allows for adjustments based on user feedback.

Measuring ROI is crucial to demonstrate the value of Harvest. Key performance indicators (KPIs) include improvements in utilization rates (e.g., achieving 75-85%), reducing unbilled hours by 15-25%, and saving administrative time. By calculating these metrics, firms can showcase direct revenue capture and cost savings, making a compelling case for adopting Harvest as their time tracking solution.

Harvest Time Tracking for Auditors

See how Harvest helps auditors track billable hours and ensure compliance with auditing standards through automated tracking and detailed reporting.

Harvest time tracking interface tailored for auditors

Time Tracking App for Auditors FAQs

  • A time tracking app for auditors should offer automated time entry, detailed project management, robust reporting, and integration with accounting software. Harvest provides these features, ensuring compliance and efficiency.

  • Harvest ensures compliance with auditing standards through one-click timers for accurate logging, timesheet approvals for integrity, and audit-ready timesheets that maintain data transparency and integrity.

  • Yes, Harvest integrates seamlessly with popular accounting software like QuickBooks and Xero, allowing for streamlined financial reporting and enhanced data management.

  • Time tracking apps like Harvest improve profitability by reducing unbilled hours by 15-25%, automating administrative tasks to save 5-10 hours weekly per team member, and enhancing billing accuracy.

  • Time tracking apps offer various pricing models, including free plans with limited features, per-user-per-month subscriptions ranging from $3.99 to $27, and custom enterprise pricing. Harvest offers a free 30-day trial.

  • Yes, many time tracking apps offer free plans, though they may come with limited features. Harvest provides a free 30-day trial with no credit card required, allowing users to explore its full capabilities.

  • Time tracking apps like Harvest support remote teams by offering cross-platform accessibility, mobile time entry, and integration with communication tools like Slack, ensuring productivity and collaboration.

  • Important security features include audit-ready timesheets, role-based access, and secure data storage. Harvest offers these features, providing data integrity and protection for sensitive client information.