Harvest
Time Tracking
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Time Tracking for Agencies

Agencies can lose 15-30% of billable revenue without effective time tracking. Harvest provides comprehensive solutions to capture every hour accurately.

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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

How this utilization rate calculator works

Utilization is the share of paid working hours that are actually billable, and small gaps add up fast.

  • Utilization rate = billable hours ÷ available hours.
  • Revenue = team size × hours per week × utilization × billing rate.
  • Revenue gap = revenue at your target utilization − revenue at your current rate.

The annual opportunity is that monthly gap carried across the year.

Time Tracking for Agencies with Harvest

Harvest's interface shows seamless time tracking tailored for agencies, enhancing profitability and workflow efficiency.

Harvest's time tracking interface for agencies

Time Tracking for Agencies FAQs

  • Time tracking is essential for agencies as it improves profitability, ensures accurate billing, and enhances project management. Without it, agencies can lose 15% to 30% of potential revenue due to unrecorded hours.

  • By monitoring time spent on tasks, agencies can optimize workflows and reduce wasted efforts, potentially increasing profits by 23%. Accurate time tracking helps identify inefficiencies and streamline operations.

  • Agencies should look for customizable billing rates, integration capabilities, and tools for tracking both billable and non-billable hours. These features help in capturing all revenue opportunities and managing resources effectively.

  • Harvest offers automated time tracking with one-click timers and integrates with project management tools like Asana and Trello. It also provides customizable billing rates, enhancing profitability and resource management.

  • Agencies often struggle with user adoption and data accuracy, leading to 80% of timesheets requiring corrections. Harvest addresses these issues with automated entries and seamless integration, improving accuracy and compliance.

  • Yes, Harvest integrates with numerous third-party applications including QuickBooks, Asana, and Trello, enhancing functionality and reporting capabilities for agencies.

  • For agencies, a typical utilization rate target ranges from 65% to 80%. Achieving this can significantly boost productivity and profitability, which is facilitated by robust time tracking tools like Harvest.