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What is Time Management Software?

Time management software is used to expedite billing cycles and the period close procedure. It offers helpful expense entry and time card features that you can customize for your needs. This software helps employees to save time while managing time cards. You can also use it to update assignments and tasks easily. The main benefit is that you can collect payments much faster. Top vendors offer mobile apps that enable users to enter expenses and time cards from anywhere. Managers can also review and approve expenses on the go. This system provides graphical reports that reveal how time and resources are used in a company. Advanced solutions offer claim and approval features and automated credit card transactions. We urge you to peruse our top apps section, and check the front-runner in this category FreshBooks.

Time Management Software

Top 12 Most Popular Time Management Software

FreshBooks reviews
1.
FreshBooks

Our Score 9.8

User Satisfaction 99%

FreshBooks is the winner of our 2017 Best Accounting Software Award. It is a great cloud accounting app for small business that makes billing easy and effective. Read Reviews

Zoho Expense reviews
2.
Zoho Expense

Our Score 9.0

User Satisfaction 98%

Zoho Expense is a tool that businesses can use to automate travel and business expense reporting, streamline approvals, and gain spend visibility and control. Read Reviews

Zoho Invoice reviews
3.
Zoho Invoice

Our Score 8.8

User Satisfaction 94%

Zoho Invoice is the winner of our Expert's Choice Award. It's ideal for companies that create and manage invoices and is designed for smaller businesses. Read Reviews

Expensify reviews
4.
Expensify

Our Score 8.7

User Satisfaction 97%

Expensify is an application that helps to maintain a balance in your business expenses and take the right steps to manage them. Read Reviews

Hiveage reviews
5.
Hiveage

Our Score 8.5

User Satisfaction 100%

Hiveage is a multi-featured, cloud-based invoice and billing platform designed for independent professionals as well as small and medium-sized businesses. Read Reviews

Kaseya BMS reviews
6.
Kaseya BMS

Our Score 8.4

User Satisfaction 100%

Kaseya Business Management Solution is an all-in-one suite applied to support all the major operations going on in a corporate environment. Read Reviews

BigTime Billing reviews
7.
BigTime Billing

Our Score 8.4

User Satisfaction 100%

Designed for professional services businesses it bundles industry best-practices and operational know-how into a single, elegant and easy-to-use online app. Read Reviews

Journyx reviews
8.
Journyx

Our Score 8.1

User Satisfaction 100%

Journyx is an online time and expense tracking solution that address the needs of multiple user types when it comes to tracking projects, expenses, and time. Read Reviews

PEX Card reviews
9.
PEX Card

Our Score 8.1

User Satisfaction 96%

Managing your company spending becomes effortlessly simple with PEX as it integrates with the best finance management software and brings intuitive solutions to the table. Read Reviews

Scoro reviews
10.
Scoro

Our Score 8.8

User Satisfaction 100%

Scoro is a cloud-based business management software and currently the most comprehensive work management solution currently in the market Read Reviews

MoneyPenny reviews
11.
MoneyPenny

Our Score 8.0

User Satisfaction 96%

MoneyPenny is the smartest cloud invoicing software with time tracking designed for small businesses and freelancers. Read Reviews

Patriot Software reviews
12.
Patriot Software

Our Score 7.8

User Satisfaction 99%

Patriot Software offers a reliable small businesses online accounting and payroll software. Read Reviews

How To Choose The Best Time Management Software

Time tracking and expense management is an important part of executing a project. Small businesses and startups usually use a standard bookkeeping solution and Excel spreadsheets to track this information. But these are not enough for large enterprises that plan and execute multiple projects simultaneously. They need a specialized time management software for enterprises that specifically tracks the time and costs linked with each project. Since there are hundreds of time management software programs, we have prepared this buyer’s guide to help you do educated comparisons and shortlist the best time & expense management software platforms among the lot.

Get to know each product with free trial

The best way to go is to sign up for at least a few free trials or demo and basic unpaid plans from popular time management software providers. With this method you will have the opportunity to test the important elements and you will get a good comparison of the capabilities of each app. The best thing to do is to try software tools that currently have the highest rankings in the SmartScore and Customer Satisfaction Rating in our software reviews to discover the best time management software for your company: FreshBooks reviews, Zoho Invoice, WorkflowMax, Turbine HQ, CloudBooks, Xpenditure, Invoicera, Motiv, and PaymentEvolution.

Targeted Businesses

Customers who purchase and use time management software tools fall in the following main categories:

  • Specialty buyers – Time and expense solutions generally fall in the category of Professional Services Automation (PSA) software. However, this feature is also found in specialty suites such as manufacturing software, construction software and others. If your company belongs to any of these industries, try to find an appropriate suite for your requirements.
  • Large professional services companies – Big consulting companies need more than a basic solution. They can invest in a comprehensive PSA system like those offered by AtTask and Clarizen.
  • Medium and fast-growing professional services companies – These firms usually opt for best-of-breed solutions for time and expense management that can help them progress to their next growth phase. Example software include Sage Timeslips, Replicon Web TimeSheet, and Deltek Maconomy.
  • Soloprenuers and small companies – These companies can make use of free or low-priced solutions with basic features that can be used both on PCs and smartphones. For this target market, many vendors like Harvest and 1DayLater offer subscription-based packages that are affordable even on a tight budget.

What are Examples of Time Management Software?

  • FreshBooks: One of the best cloud solutions for small business that streamlines tracking and invoicing. It allows you to collect payment online, and it is packed with advanced analytic features.
  • Zoho Expense: A great program from Zoho’s productivity kit to automate and group your expenses, generate reports, and to capture and convert credit card transactions.
  • Zoho Invoice: Another of Zoho’s proud moments which creates and manages invoices, and has a variety of beautiful templates to choose from.
  • SutiExpense: A web-based platform for businesses from all scales which creates, submits, and approves expense reports.
  • Turbine HQ: An easy way to track HR records and to streamline purchase order management, empowered with outstanding features for tracking and reporting expenses.

Types of Time Management Software

One of the things that makes choosing time management software so difficult is the variety of programs that can be used for the purpose. They range all the way from basic tool suites to ultra costly and accurate programs. Features can also be categorization criteria, as certain programs do nothing but track expenses, while others are more robust and they allow users to track time, report, and forecast future expenses, and even do some custom branding. The basic division criterion is deployment, depending on which you can choose between:

  • On-premise time & expense management systems. These are covered with a single license, and are hosted on the client’s local server. They qualify as the most expensive ones, due the fact that they require complex setup and occasionally some hardware installation.
  • Software-as-a-service (SaaS) time & expense management systems. These are usually paid per month, and are hosted on the vendor’s server. The business owner is not responsible for installation, updating, and maintenance.
  • Cloud-hosted time & expense management systems. Most of these offer free basic plans, and qualify as the most affordable ones due to their universal access and the fact that the client doesn’t need to update them or to pay for maintenance.

Key Features of Time Management Software

  • Punch-Clock plus Manual Time Entry. This is a basic functionality that is offered by both simple and advanced products. You can clock in and out electronically and also manually enter times if necessary. Sophisticated solutions offer magnetic card readers, PINs, and automated start/stop feature that clocks out if your computer goes into sleep mode.
  • Expense Tracking. You can track the costs of tools, materials, etc. and link them to general expenses or individual projects.
  • Project-Based Accounting. If you have a number of employees working on different projects, you need this feature to know which projects each one was working on and when. Project-based accounting helps to track revenues and costs by each project and client, and export them for your accounting solution.
  • Workload Management. Advanced solutions can help you track the work done by each employee, providing reports that show the projects each one worked on, the time dedicated to each project, and when they ended a particular project. This feature helps to streamline assignments to employees and can be handy as your company grows to employ hundreds of team members.
  • Resource Planning. This is a sophisticated feature that uses historical information and analytics to help you estimate a project. It can assist you to bid more accurately and optimize your budget, which can ensure you get a profit after completing the project.
  • Mobile Integration. This feature is particularly helpful if your employees travel a lot and need to access data using their mobile devices.

Benefits of Time Management Software

This the list of benefits companies experience when using best time management systems:

  • No more lost receipts. Lost receipts can lead to wasted time, frustration, and inaccurate reporting. But with time and expense management software, you do not have to worry about this problem. You can use e-receipts, import credit card expenses, and route them to the correct expense report. Another advantage is you can clear these receipts from your desk and enjoy plenty of clear space!
  • No more clunky spreadsheets. Spreadsheets are an old-fashioned and error-prone method of tracking time and expenses. Manual data entry in spreadsheets can lead to mistakes. With a time and expense management software, you can get the data automatically uploaded or need to enter data only once. The software solution also provides detailed information and reports that can help you to analyze your time and expense data.
  • Timely submission of expense reports. This can be a problem if an employee submits their expense report long after you have closed the books for the fiscal year. It can be avoided by using an expense management system that sends automatic reminders such as email notifications to make sure employees comply with deadlines. If late submission of expenses cannot be avoided, you can reserve an account for the purpose of paying for outstanding expenses.
  • Accurate planning. Time and expense management software is an essential tool for companies that plan and execute multiple projects. It can help you accurately track the time each employee spends on a particular project and bill the client accordingly

List of Time Management Software Companies

Updated

Selected products (0)

1.
FreshBooks

Our Score 9.8

User Satisfaction 99%

FreshBooks is the winner of our 2017 Best Accounting Software Award. It is a great cloud accounting app for small business that makes billing easy and effective. Read Reviews

  • Pricing: $15
  • Devices Supported: Windows, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: Monthly payment, Annual Subscription
  • Customer Types: Small Business, Freelancers
  • Deployment: Cloud Hosted

2.
Zoho Expense

Our Score 9.0

User Satisfaction 98%

Zoho Expense is a tool that businesses can use to automate travel and business expense reporting, streamline approvals, and gain spend visibility and control. Read Reviews

  • Pricing: Free
  • Devices Supported: Windows, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: Free, Monthly payment, Quote-based
  • Customer Types: Small Business, Medium Business
  • Deployment: Cloud Hosted, Open API

3.
Zoho Invoice

Our Score 8.8

User Satisfaction 94%

Zoho Invoice is the winner of our Expert's Choice Award. It's ideal for companies that create and manage invoices and is designed for smaller businesses. Read Reviews

  • Pricing: Free
  • Devices Supported: Windows, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: Free, Monthly payment, Annual Subscription
  • Customer Types: Small Business, Medium Business, Freelancers
  • Deployment: Cloud Hosted

4.
Scoro

Our Score 8.8

User Satisfaction 100%

Scoro is a cloud-based business management software and currently the most comprehensive work management solution currently in the market Read Reviews

  • Pricing: $22
  • Devices Supported: Windows, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: Monthly payment
  • Customer Types: Small Business, Medium Business
  • Deployment: Cloud Hosted

5.
Expensify

Our Score 8.7

User Satisfaction 97%

Expensify is an application that helps to maintain a balance in your business expenses and take the right steps to manage them. Read Reviews

  • Pricing: $5
  • Devices Supported: Windows, Linux, Android, iPhone/iPad, Mac, Web-based, Windows Mobile
  • Pricing Model: Free, Monthly payment
  • Customer Types: Small Business, Large Enterprises, Medium Business, Freelancers
  • Deployment: Cloud Hosted, Open API

6.
Hiveage

Our Score 8.5

User Satisfaction 100%

Hiveage is a multi-featured, cloud-based invoice and billing platform designed for independent professionals as well as small and medium-sized businesses. Read Reviews

  • Pricing: $15
  • Devices Supported: Windows, Linux, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: Monthly payment
  • Customer Types: Small Business, Medium Business, Freelancers
  • Deployment: Cloud Hosted, Open API

7.
BigTime Billing

Our Score 8.4

User Satisfaction 100%

Designed for professional services businesses it bundles industry best-practices and operational know-how into a single, elegant and easy-to-use online app. Read Reviews

  • Pricing: $5.60
  • Devices Supported: Windows, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: Monthly payment
  • Customer Types: Small Business, Large Enterprises, Medium Business
  • Deployment: Cloud Hosted

8.
Kaseya BMS

Our Score 8.4

User Satisfaction 100%

Kaseya Business Management Solution is an all-in-one suite applied to support all the major operations going on in a corporate environment. Read Reviews

  • Pricing: $5
  • Devices Supported: Windows, Linux, Mac, Web-based
  • Pricing Model: Quote-based
  • Customer Types: Small Business, Large Enterprises, Medium Business
  • Deployment: Cloud Hosted

9.
Intervals

Our Score 8.3

User Satisfaction 98%

Take control of your workflow with Intervals, a web-based time, task and project management software. Read Reviews

  • Pricing: $59
  • Devices Supported: Windows, Linux, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: Monthly payment
  • Customer Types: Small Business, Medium Business
  • Deployment: Cloud Hosted

10.
Journyx

Our Score 8.1

User Satisfaction 100%

Journyx is an online time and expense tracking solution that address the needs of multiple user types when it comes to tracking projects, expenses, and time. Read Reviews

  • Pricing: by quote
  • Devices Supported: Windows, Android, iPhone/iPad, Mac, Web-based
  • Pricing Model: Quote-based
  • Customer Types: Large Enterprises, Medium Business
  • Deployment: Cloud Hosted, On Premise

Our Score Read More

FinancesOnline utilizes our unique SmartScore™ algorithm to gather information about all the applications in the Time Management Software category to help you select the best possible service. It includes the following factors: key functionalities, collaboration elements, custom elements, available integrations, how easy a software is to use and learn, help & support, security, support for mobile devices, general media ratings. At the moment, FreshBooks is the leader in this category and our experts are really satisfied with it. After detailed evaluation it received the best results among its competitors and our reviewers strongly suggest that you include it as one of the options for your company.

User Satisfaction Read More

A summary of overall user satisfaction with the solutions in our Time Management Software category based on our unique algorythm that finds client reviews, comments and opinions across a broad set of social media platforms to help you make an educated purchase choice.

99%

98%

94%

100%

97%

100%

100%

100%

98%

100%

Pricing Read More

Each vendor in the Time Management Software category will offer a different set of pricing packages for its product and every plan will include a different group of features. Below we list the general pricing for the cheapest plan available for each product. Please note that advanced features may cost extra.

$15

Free

Free

$22

$5

$15

$5.60

$5

$59

by quote

Devices Supported Read More

An analysis of what type of devices and operating systems are supported by the listed B2B solutions in the Time Management Software category, including mobile platforms and web-based solutions.

Windows

Android

iPhone/iPad

Mac

Web-based

Laguages Supported Read More

Learn which languages and geographies are served by the popular B2B solutions in the Time Management Software category, including services aimed at international markets and prepared for multi-cultural teams of employees.

Pricing Model Read More

Find out which pricing models are supported by the vendors in the Time Management Software category to check which one matches your business requirements and budget best. Note that certain solutions can support free or freemium accounts for you to try out first.

Free

Monthly payment

One-time payment

Annual Subscription

Quote-based

Customer Types Read More

An overview of which types of clients a selected B2B solution in the Time Management Software category is designed for, from small businesses and non-profits to big enterprises.

Small Business

Large Enterprises

Medium Business

Freelancers

Deployment Read More

An overview of what kinds of software deployement are supported by every B2B vendor in the Time Management Software category. Even though almost all modern SaaS services are cloud-based certain services may offer an on-site deployment model as well.

Cloud Hosted

On Premise

Open API

Post by Alex Hillsberg