Time And Billing Software

Time & Billing software organizes time management, budgeting, and client billing.Some features and functions of Time & Billing Software are:Time Tracking: Tracks billable time

• Bill Preparation /Accounts Receivable: Generates client invoices from firm's billable time records and immediate access to client's overall balance, some programs also allow customizable bill design
• General Ledger/Accounts Payable: Records payments invoices to vendors
• Trust Accounting: Manages clients' deposits on services not yet rendered
• Works with Other Programs: Many time & billing programs are compatible with other programs

 Time and billing software simplifies the time management tasks, pulls up a client file and simply activates the clock. In a time and billing software bills are automatically generated for that client and matter and customize bills to suit the firm and client.

 Time billing software tracks billing status, including quick access to client’s billing information. Time billing software reduces labor costs and increase accuracy by having employees enter their own time and expense information using one data store on your network, improves cash flows and debtors by billing the clients accurately, improves quoting, manages and tracks employees work hours, travel, and expenses by client and by project, gives accurate time and expense tracking, more efficient billing etc.