Harvest
Time Tracking
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Timesheet Software for Accounting Firms

Harvest is the ultimate solution for accounting firms struggling with lost billable hours and inefficient invoicing. With features like customizable billing rates and seamless integration capabilities, Harvest enhances revenue tracking and compliance.

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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 Indispensable Role of Timesheet Software in Modern Accounting Firms

Timesheet software is crucial for accounting firms, addressing significant revenue losses due to ineffective time tracking. Without such tools, firms risk losing 10-50% of billable hours, impacting the bottom line. By implementing effective tracking solutions, firms can increase revenue by up to 61%, illustrating the transformative power of accurate time management.

Beyond financial gains, specialized timesheet software like Harvest streamlines operations significantly. Automated time tracking can reduce payroll processing time by up to 70% each month, freeing staff for more valuable tasks. Such efficiency not only boosts productivity but also enhances the firm’s ability to maintain high realization rates, typically aiming for over 85-90%.

Accurate time tracking is also essential for compliance with regulations such as the Fair Labor Standards Act (FLSA) and CPA-specific standards like GAAP and IFRS. Harvest ensures compliance by providing detailed audit trails and advanced security features, making it an indispensable tool for modern accounting firms.

Essential Features for Accounting Firm Timesheet Software

For accounting firms, timesheet software must include core functionalities that cater to their specific needs. Key features include automated timers, manual entry, and mobile capabilities with GPS tracking, accommodating varied work environments and ensuring accurate time logging.

Harvest excels in invoicing and billing functionalities, offering customizable billing rates for clients, services, or employees. This flexibility ensures precise invoicing, essential for maintaining client trust and financial accuracy. Moreover, Harvest automatically generates and sends invoices, integrating expense tracking with client invoices for streamlined financial operations.

Integration capabilities are critical for seamless operations. Harvest integrates with popular accounting tools like QuickBooks and payroll systems such as Gusto, providing a unified workflow that eliminates manual data entry and reduces errors. These integrations enhance efficiency and data accuracy, crucial for any accounting firm.

Ensuring Compliance and Maximizing Profitability

Compliance with labor laws and industry standards is non-negotiable for accounting firms. Harvest supports firms in adhering to regulations, including FLSA and CPA-specific standards, by maintaining detailed audit trails and robust reporting features that track profitability and utilization rates.

Beyond compliance, Harvest aids in maximizing profitability through insightful reporting tools. By analyzing project profitability, employee utilization, and budget oversight, firms can identify inefficiencies and make informed strategic decisions. This data-driven approach enhances cash flow and supports sustained growth.

Implementing best practices, such as clear time tracking policies and efficient system integrations, further supports profitability. Harvest’s time entry approval workflows ensure billing accuracy, while its work-in-progress management tracks billable hours before invoicing, optimizing revenue collection processes.

Choosing the Right Solution for Your Accounting Firm

Selecting the right timesheet software involves considering user experience, scalability, and pricing. Harvest offers an intuitive interface, simplifying time entry and management, alongside mobile access for on-the-go tracking, catering to the dynamic needs of accounting professionals.

Scalability is a crucial factor, and Harvest’s robust platform supports growth from solo practitioners to large multi-partner firms without added complexity. This scalability ensures that Harvest can grow alongside your firm, adapting to changing needs and client demands.

Pricing models often include tiered subscription plans. Harvest provides a flexible structure with no credit card required for its 30-day free trial, allowing firms to evaluate its features and benefits. By assessing cost-effectiveness based on features, user count, and ROI, firms can make informed decisions that align with their financial goals.

Timesheet Software for Accounting Firms with Harvest

Explore how Harvest's timesheet software helps accounting firms track hours, manage invoices, and integrate with QuickBooks for seamless operations.

Screenshot of Harvest's timesheet software for accounting firms.

Timesheet Software for Accounting Firms FAQs

  • When choosing timesheet software for accounting firms, look for features like automated time tracking, customizable billing rates, and integration with accounting tools like QuickBooks. These features ensure accurate billing and streamlined financial operations.

  • Timesheet software like Harvest converts tracked time into detailed invoices, allowing for customizable billing rates per client or service. This ensures precise invoicing and enhances client trust through transparency and accuracy.

  • Essential integration capabilities include seamless connections with accounting software such as QuickBooks, payroll systems like Gusto, and project management tools. These integrations streamline workflows and enhance data accuracy.

  • Harvest ensures compliance by maintaining detailed audit trails and offering robust reporting features that support adherence to standards like GAAP and IFRS. This helps accounting firms meet regulatory requirements efficiently.

  • Yes, Harvest is scalable and can accommodate the growth of an accounting firm from solo practitioners to large enterprises. Its flexible platform adapts to changing needs, ensuring continued efficiency and productivity.

  • Yes, Harvest offers a free 30-day trial with no credit card required. This allows accounting firms to explore its features and assess its benefits without any financial commitment.

  • Harvest improves billing accuracy through features like time entry approval workflows and work-in-progress management, ensuring that all billable hours are tracked accurately before invoicing. This enhances revenue collection and client satisfaction.

  • Harvest provides comprehensive reporting tools that include insights into profitability, employee utilization, and budget management. These reports help accounting firms make strategic decisions based on accurate data.