Best Timesheet Apps for Optimizing Billable Hours
Time management is crucial for businesses that rely on billable hours to generate revenue. Efficient time tracking of work hours not only ensures accurate client billing but also helps in identifying productivity patterns, managing projects, and maintaining financial health. This post explores some of the best timesheet apps that can significantly optimize billable hours, streamline workflows, and enhance overall productivity.
Toggl Track is a user-friendly timesheet app that allows professionals to track work hours effortlessly. It features a simple interface, robust reporting capabilities, and integration with various project management tools. Users can create detailed reports, set hourly rates, and monitor project budgets. Toggl Track also provides idle time detection, reminders, and automated timesheet generation, making it a valuable asset for agencies, freelancers, and businesses looking to maximize billable hours.
Clockify is a free timesheet and time-tracking app that offers unlimited tracking for individuals and teams. It supports manual and automatic time entries, making it easy to log work hours accurately. With advanced features like project tracking, invoicing, and detailed reporting, Clockify helps businesses manage multiple projects simultaneously while ensuring precise billing. Additionally, its integration with popular apps like Asana, Trello, and Slack enhances workflow management and time tracking efficiency.
Harvest is an all-in-one time tracking and invoicing tool designed to streamline billing and project management. It allows users to track time for specific tasks, generate invoices, and monitor project budgets in real time. Harvest also integrates seamlessly with various tools such as QuickBooks, Asana, and Slack, making it easier to manage client projects and optimize billable hours. With comprehensive reporting features, users can assess project profitability and identify areas for improvement.
Hubstaff is a powerful time-tracking tool that offers detailed insights into employee productivity. It includes features like GPS tracking, online timesheets, and screenshot monitoring, making it ideal for remote teams and businesses with field employees. Hubstaff also enables project managers to allocate tasks, monitor project progress, and generate accurate invoices based on tracked hours. By providing transparency and accountability, Hubstaff helps businesses maintain control over billable hours effectively.
TimeCamp is a versatile time tracking software that offers both automatic and manual time entry options. It categorizes tracked hours by project, client, or task, allowing businesses to monitor billable and non-billable hours efficiently. TimeCamp also features productivity tracking, invoicing, and comprehensive reporting to help businesses assess profitability and optimize workflow. Its integrations with project management tools like Trello and Monday.com further enhance project tracking capabilities.
FreshBooks is a cloud-based accounting and invoicing solution that includes time tracking as one of its core features. Users can log hours, track expenses, and create professional invoices with ease. FreshBooks also provides real-time insights into project profitability, allowing businesses to adjust budgets and billing rates accordingly. Its mobile app ensures that users can track billable hours on the go, making it a convenient choice for freelancers and small businesses.
Choosing the right timesheet app can significantly impact a business's ability to optimize billable hours and manage projects effectively. Whether you are a freelancer, a small business owner, or part of a larger team, investing in a reliable time tracking solution can streamline workflows, enhance productivity, and improve financial management. Consider your specific needs, such as integration capabilities, reporting features, and ease of use, when selecting the best timesheet app for your business.
TIME BUSINESS NEWS
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Business News
13 hours ago
- Time Business News
How an Accounting Firm in Austin TX Can Boost Your Startup's Financial Health
Launching a startup is one of the most exciting ventures any entrepreneur can undertake. Austin, Texas, has become a booming hub for innovation, drawing in tech startups, green energy companies, and creative enterprises alike. But no matter the industry, every startup faces a crucial hurdle early on: managing their finances effectively. That's where working with a trusted accounting firm in Austin TX can make all the difference. From cash flow planning to compliance and investor readiness, early financial guidance sets the foundation for long-term success. Whether you're bootstrapping your business or preparing for your first round of funding, having a small business accountant in Austin on your team—and potentially upgrading to CFO services in Austin—is one of the smartest investments you can make. Before diving into the solutions, let's explore the common financial issues new businesses encounter: Cash flow mismanagement Improper or delayed bookkeeping Lack of tax planning No clear financial strategy Overlooking compliance or local regulations Inability to track expenses or profitability accurately Underestimating the costs of scaling These problems aren't just inconvenient—they're dangerous. In fact, poor financial management is one of the leading causes of startup failure. But you can avoid all of this with the help of a professional accounting firm in Austin TX. Startups often wait until tax season or a financial crisis to hire an accountant. But by that point, it's usually about damage control. The best time to partner with a professional accounting firm is right at the beginning. Here's how that early involvement can benefit your business: A proper financial setup is essential—this means choosing the right accounting software, setting up a chart of accounts, separating personal and business finances, and establishing a bank reconciliation process. An accounting firm in Austin TX can: Help you select and configure accounting tools like QuickBooks or Xero Set up your chart of accounts based on your industry and goals Create a reporting structure that supports future growth This solid foundation ensures clean financials and saves you hours of clean-up down the road. Daily operations involve a flood of expenses, payments, payroll, and tax obligations. Staying on top of this isn't just helpful—it's required. By hiring a small business accountant in Austin, your startup gains: Real-time tracking of income and expenses Monthly financial reports and bank reconciliations Sales tax tracking and filing Year-end tax preparation and support They'll ensure you stay compliant with IRS and Texas state regulations while maximizing every deduction available to you. Startups often operate on thin margins. Cash flow can make or break your business, especially when you're trying to scale. An experienced accountant will help you: Forecast cash flow based on revenue, seasonality, and expenses Identify opportunities to delay expenses or speed up collections Prevent costly cash shortages or unnecessary borrowing Having visibility into your cash flow lets you make smart operational decisions—whether to hire, invest, or hold off. No one likes surprises—especially from the IRS. An accounting firm in Austin TX doesn't just help you file your taxes; they help you plan. This includes: Identifying quarterly estimated payments Structuring your business entity for tax efficiency (LLC, S-Corp, etc.) Claiming startup-specific deductions and R&D credits Advising on tax strategies for equity compensation And when your startup eventually brings in outside investors, you'll need clean books and tax-ready records for due diligence. As your startup grows, so does the complexity of your finances. You may be raising capital, hiring a team, launching new product lines, or expanding into new markets. At this point, day-to-day bookkeeping isn't enough—you need strategic financial leadership. That's where CFO services in Austin come in. Budgeting and forecasting : Predict future financial performance and plan accordingly : Predict future financial performance and plan accordingly Investor readiness : Prepare the reports, KPIs, and decks that VCs and banks expect : Prepare the reports, KPIs, and decks that VCs and banks expect Scenario modeling : Compare 'what if' options before making major decisions : Compare 'what if' options before making major decisions Fundraising strategy : Know how much capital to raise and how to structure it : Know how much capital to raise and how to structure it Financial dashboard creation: Get real-time insights into performance metrics You don't need to hire a full-time CFO—outsourced services give you access to executive-level support on a flexible, affordable basis. Consider an Austin-based SaaS company that had just raised a seed round. They had the product and customers—but lacked the financial expertise to scale. Here's what happened when they partnered with a small business accountant in Austin and eventually added CFO services: Organized messy financials and cleaned up 18 months of inconsistent records Created a rolling 12-month forecast model Set up monthly reporting packages for investors Identified burn rate issues that saved the company from running out of cash Within a year, they were ready for Series A—and confident during investor meetings. Here's what to look for when selecting a firm for your startup: ✅ Startup Experience – Have they worked with similar early-stage businesses? – Have they worked with similar early-stage businesses? ✅ Local Knowledge – Do they understand Austin's business environment? – Do they understand Austin's business environment? ✅ Technology-Oriented – Are they fluent in cloud accounting tools and integrated systems? – Are they fluent in cloud accounting tools and integrated systems? ✅ Proactive Communication – Will they provide insights, not just numbers? An ideal partner isn't just there to file taxes—they act as a financial co-pilot for your journey. Austin may be one of the best cities in the U.S. to launch a business, but success doesn't happen by accident. It takes more than a good idea and hustle—it requires strategic financial guidance from day one. By partnering with a reliable accounting firm in Austin TX, tapping into CFO services in Austin, and working with a skilled small business accountant in Austin, you give your startup the financial clarity and support it needs to survive, grow, and eventually thrive. TIME BUSINESS NEWS
Yahoo
14 hours ago
- Yahoo
Asana Just Turned a Profit--But One Chart Reveals a Hidden Risk Investors Can't Ignore
Asana (NYSE:ASAN) just crossed a major milestone: its first-ever non-GAAP operating profit. Q1 revenue came in at $187.3 million, growing 9% year-over-year and beating estimates. But let's be honestthat's a big slowdown from the 26% growth pace it posted last year. That deceleration raises a tough question: is Asana nearing the top of its growth curve? Warning! GuruFocus has detected 4 Warning Signs with ASAN. The company is leaning hard into AI to reignite momentum. Its new AI Studio crossed $1 million in ARR in just one quarter, and CEO Dustin Moskovitz believes it could become a long-term growth engine. CFO Sonalee Parekh isn't just optimisticshe's raising full-year margin guidance and emphasizing durable, profitable growth. That confidence is backed by a 1,300 basis point expansion in non-GAAP operating margin year-over-year, plus a record-breaking $100M+ customer renewal. Not to mention, Asana was just ranked highest in strategy in Forrester's latest CWM report and named one of Fast Company's most innovative workplace techs. But the chart paints a more sobering picture. Over the past six years, revenue has consistently climbedyet net income and EBITDA have remained deep in the red until now. There's improvement, but profitability still feels like a tightrope walk. With AI excitement driving short-term wins and retention among high-value customers holding steady, Asana's next chapter hinges on whether it can scale AI adoption before competitors like or Jira catch up. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 hours ago
- Yahoo
ASAN Q1 Earnings Call: AI Uptake Accelerates, Profitability Achieved Amid Retention Pressures
Work management software maker Asana (NYSE: ASAN) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 8.6% year on year to $187.3 million. Its non-GAAP profit of $0.05 per share was significantly above analysts' consensus estimates. Is now the time to buy ASAN? Find out in our full research report (it's free). Revenue: $187.3 million (8.6% year-on-year growth) Adjusted EPS: $0.05 vs analyst estimates of $0.02 (significant beat) Adjusted Operating Income: $8.14 million vs analyst estimates of $2.70 million (4.3% margin, significant beat) Revenue Guidance for Q2 CY2025 is $193 million at the midpoint, roughly in line with what analysts were expecting Management raised its full-year Adjusted EPS guidance to $0.22 at the midpoint, a 12.8% increase Operating Margin: -23.4%, up from -38.4% in the same quarter last year Net Revenue Retention Rate: 95% Annual Recurring Revenue: $773.4 million at quarter end, up 8.9% year on year Billings: $174.8 million at quarter end, down 11.9% year on year Market Capitalization: $4.47 billion Asana's first quarter results were shaped by its first achievement of non-GAAP profitability and the early traction of its AI Studio offering. Management highlighted that AI Studio reached $1 million in annual recurring revenue (ARR) during Q1, with adoption spanning diverse industries such as manufacturing, financial services, and retail. CEO Dustin Moskovitz pointed to a "landmark" $100 million, three-year renewal with a global enterprise, describing it as a demonstration of Asana's capacity to handle complex, cross-functional workflows at scale. The company also noted ongoing momentum outside the technology sector, with non-tech verticals growing faster than the overall business and enterprise customer expansion continuing, particularly for customers spending over $100,000 annually. Looking ahead, Asana's guidance is grounded in expanding its AI capabilities and broadening access to AI Studio through new product tiers and workflow templates. Management described a robust product roadmap, including the upcoming AI Studio Plus tier for small and mid-sized businesses and the planned launch of AI teammates—digital agents designed to further automate workflows. CFO Sonalee Parekh noted, 'The low end of our guidance range incorporates a more cautious view, factoring in potential macroeconomic headwinds and increased buyer scrutiny, particularly in enterprise and technology sectors.' The company aims to balance continued investment in product innovation and customer success with ongoing efficiency measures, expecting that new AI-driven features and improved onboarding will support long-term retention and growth. Management attributed the quarter's performance to strong enterprise deal activity, rapid AI Studio adoption, and improved operating efficiency, while acknowledging ongoing challenges in customer retention and net revenue retention rates. AI Studio adoption accelerates: The AI Studio platform surpassed $1 million in annual recurring revenue within months of general availability, with management highlighting widespread adoption across several industries and geographic regions. Customers are using AI Studio to automate business-critical workflows, and early usage patterns indicate increasing credit consumption and engagement over time. Enterprise deals drive visibility: Asana secured the largest deal in its history—a $100 million, three-year renewal with a major global employer. While this deal expanded total contract value, it involved a modest annual contract value (ACV) downgrade, which management expects will weigh on net revenue retention (NRR) in subsequent quarters. The contract provides long-term revenue visibility and is seen as validation of Asana's value in large-scale, complex organizations. Non-tech verticals outpace tech: Growth in non-technology sectors, such as manufacturing, energy, and financial services, continues to exceed that of the tech sector. Management noted that non-tech verticals now comprise the majority of new business and are growing in the mid-teens year over year, supporting a diversified customer base. Partner channel momentum: Asana's revamped partner program contributed to double-digit growth in partner-led deals, particularly in APAC and EMEA regions. Nearly 40% of APAC transactions involved channel partners, with partners playing a key role in scaling AI Studio adoption and supporting digital transformation initiatives. Efficiency improvements support margins: Cost reductions and operational discipline, including reallocation of resources to higher-productivity regions and tighter marketing spend, contributed to significant improvement in non-GAAP operating margins and positive free cash flow for the quarter. Management cited ongoing efforts in vendor rationalization, geographic workforce optimization, and increased productivity as levers for further margin expansion. Asana's outlook is shaped by AI product expansion, continued enterprise adoption, and the need to address retention challenges amid evolving macroeconomic conditions. AI-driven product expansion: The company is introducing new AI Studio tiers, including Plus and Pro, and rolling out the Smart Workflow Gallery to accelerate adoption across customer segments. Management expects broader access to AI functionality will drive incremental revenue growth and reduce reliance on seat-based licensing. Retention and customer health initiatives: Asana is focusing on lowering churn and downgrades, especially among small businesses and enterprise accounts, through targeted onboarding, health scoring, and foundational service plans. Management believes these efforts, along with new product add-ons, will gradually improve net revenue retention despite near-term headwinds from large contract renewals and budget scrutiny. Macroeconomic and procurement risks: Management acknowledged early signs of buyer caution, especially in the enterprise and technology verticals, which could result in slower sales cycles and increased downgrade activity. The expanded guidance range for the year reflects this uncertainty, and Asana plans to maintain cost discipline to preserve profitability if market conditions worsen. In the coming quarters, the StockStory team will be monitoring (1) the uptake of new AI Studio tiers and workflow templates across customer segments, (2) progress in mitigating churn and driving net revenue retention improvement, and (3) the pace of large enterprise deal activity and partner-led sales execution. The rollout of AI teammates and further product add-ons will also be key indicators of Asana's ability to drive incremental growth and diversify its revenue base. Asana currently trades at a forward price-to-sales ratio of 5.6×. In the wake of earnings, is it a buy or sell? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
