Harvest
Time Tracking
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Time Tracking Software for Professional Services

Professional services firms lose 15-25% of billable hours annually. Harvest addresses this with automated time tracking and seamless integrations.

Try Harvest Free

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 Importance of Accurate Time Tracking in Professional Services

In the professional services industry, accurate time tracking is essential for managing billable hours and optimizing project profitability. Firms that rely on outdated systems, such as paper timesheets or punch cards, often experience inefficiencies leading to significant revenue loss. For instance, a company with 50 employees billing at $200 per hour can experience an annual revenue deficit between $780,000 and $1.3 million due to inefficient tracking. This underscores the critical need for modern solutions.

Automated time tracking software, such as Harvest, can increase billable hour capture by 20-30%. Harvest addresses the industry's demands with one-click start/stop timers and manual entry options, ensuring no time is unaccounted for. Additionally, by integrating with popular project management tools like Asana and Trello, Harvest streamlines workflows, enhancing both productivity and profitability. The result is a robust system that supports professional firms in maximizing their billable hours and maintaining client trust.

Maximize Billable Utilization with Harvest

Professional services firms often struggle with low billable utilization rates. For example, management consultants average a utilization rate of just 67.7%, while lawyers spend only 37% of their workday on billable tasks. This gap highlights the need for effective tools that can boost utilization rates and drive revenue growth. Harvest offers a solution through its detailed reporting and project profitability analysis features, allowing firms to identify the most lucrative projects and allocate resources efficiently.

By using Harvest’s time entry approval workflows and customizable billing rates, firms can ensure compliance and accuracy in time tracking. Harvest's automated invoicing system further simplifies billing, reducing administrative tasks by up to 50% and improving work-time efficiency by 32%. With these capabilities, Harvest empowers firms to achieve higher utilization rates and optimize their operations for better financial performance.

Integration and Compliance: Streamline Your Workflow with Harvest

In the fast-paced professional services sector, seamless integration with existing tools is crucial. Harvest excels in this area by offering integrations with platforms like Asana, Trello, and Jira, ensuring that your time tracking aligns with your project management workflows. These integrations facilitate real-time data sharing, minimizing manual entry errors and boosting productivity.

Compliance with specific reporting requirements is another critical need. Harvest supports this through its customizable reporting features, which help firms adhere to industry standards and maintain transparency with clients. By providing detailed insights into team productivity and resource allocation, Harvest ensures that your firm remains compliant and efficient. This capability not only saves time but also supports informed decision-making, making Harvest a valuable asset for professional services firms seeking to optimize their operations.

Discover Harvest for Professional Services

Explore how Harvest's time tracking software enhances project profitability and captures more billable hours for professional services.

Harvest time tracking software dashboard for professional services

Time Tracking Software for Professional Services FAQs

  • When evaluating time tracking software for professional services, look for features like automated time tracking, customizable billing rates, and integration with project management tools. Harvest offers these capabilities, ensuring accurate invoicing and streamlined workflows.

  • Harvest automates billing and invoicing by generating invoices based on tracked billable hours. This ensures timely and accurate billing, reducing administrative tasks by up to 50% and improving cash flow for professional services firms.

  • Yes, Harvest integrates seamlessly with popular project management tools such as Asana, Trello, and Jira. These integrations streamline workflows by ensuring that time tracking aligns with your existing project management systems.

  • Automated time tracking software can lead to a 20-30% increase in billable hour capture and improve work-time efficiency by up to 32%. These tools reduce manual errors and enhance project profitability by providing accurate data for billing and project analysis.

  • Harvest supports compliance through its customizable reporting features, allowing firms to generate detailed reports that meet specific industry standards. This capability helps maintain transparency with clients and supports informed decision-making.

  • Approximately 31% of businesses observe a positive return on investment (ROI) within six months of adopting automated time tracking systems. This ROI is driven by increased billable hours and reduced administrative costs.

  • Harvest improves utilization rates by providing detailed reporting on team productivity and resource allocation. These insights help firms allocate resources more effectively and focus on the most lucrative projects, boosting overall utilization.