As a busy CPA in Los Angeles you know that your time is as precious as your ability organize your paperwork. Not only are you responsible for all of your clients’ accounts, but for your own too. And such organization doesn’t happen on its own. While it’s quite possible to create and maintain your own paper trail, these days it is so much quicker, and easier to purchase software that’s going to do the job for you. Would you rather spend that extra hour sorting through invoices or completing work and making time for yourself?
We know which option we’d rather go with, so here are five Time and Billing systems out there:
FreshBooks is known for being one of the very best systems on the market, enabling accountants to work out exactly how much time they’ve spent on a project, pool any unbilled hours into a single invoice, and generate an invoice wherever they are. Like all Time and Billing systems, it will help you gain an accurate snapshot of the tasks you’re undertaking. FreshBooks’ dashboard is bold and visual rather than text-heavy, ensuring it’s easily understood. Meanwhile its capacity to log expenses will make everyday tasks simpler to complete.
2. AccountantsWorld Practice Relief
Practice Relief is a cloud-based time and billing system which can be used in conjunction with other AccountantsWorld services or as a standalone product. Accessible via any browser with an Internet connection, Practice Relief can perform traditional tasks with speed and efficiency including a ‘comprehensive’ analysis of projects, billable hours, and expenses, as well as identifying inefficiencies that you may have overlooked. With its easy-to-understand interface and data entry capabilities, Practice Relief will ensure you’re getting the job done and correctly.
BillQuick is a great system to use if you’re looking to organize your CPA firm as it has the capacity to track projects, calculate expenses, and create invoices with the swipe of a screen. Such software is ideal if you’d like to spend more time focusing on your clients and less minutes of your day doing paperwork; BillQuick can improve your efficiency by automating routine tasks and keeping track of your billable work and expenses, as well as providing flexible billing options, and eliminating all duplicate data entries. In addition, BillQuick works on a multitude of platforms making it an adaptable option for accountants everywhere.
Identified as a complete time and billing solution, Bill4Time has an easy-to-use dashboard, simple time tracking capabilities, flexible invoice creation, and effortless online payment options. In addition, it has the ability to go into greater detail when you must break things down for clients. Bill4Time is a great system when you need to be organized and want to be as professional as possible, even if you don’t have the time to get to grips with a new system. Customizable and with 24/7 access, Bill4Time does the heavy lifting so you can get on with running your firm your way.
5. Xpenditure Expenses
Xpenditure Expenses is an expense management system that can automate every element of the time and billing process to make your life easier. Such software can reduce the risk of making a mistake when you’re inputting data, vastly cut down the time it takes to complete such tasks, and create reports that will analyze every step of the process for you. Do you want to scan and digitize physical receipts so you never lose them, or generate a report in seconds? You can now, and your practice will be more efficient.
What time and billing system do you use? If it’s one that we haven't included, please share its pros and cons – we’d love to hear from you. If you have any hints or tips for fellow CPAs, please share them with us in the Comment field below.
To follow through on the tips introduced in this article, be sure to download our free guide 12 Ways for CPA Firms in LA to Utilize Technology More Efficiently.