You can send recurring invoices, automated payment reminders and charge late fees. Collaboration with your accountant on BooksTime is free with this plan. BooksTime offers several pricing plans that are based on the number of active clients you’re working with and the included features.

• I can automatically send invoices, charge my client’s credit card, and send them a receipt.
• Therefore, either the BooksTime Growing or BooksTime Established plan is going to be most comparable to the services BooksTime offers.
• Once setup is complete, you’ll see charts displaying your outstanding revenue, total profit, revenue streams, spending, and unbilled time.
• BooksTime understands that small business owners don’t always have time to micro-manage every last invoice and payment owed to their company.
• BooksTime reports are easily accessible from your Dashboard and can be used to expedite your tax processes.

Other BooksTime advantages include simple project management, integration with Stripe to get paid online, and automated and manual invoice reminders for unpaid bills. If your business is currently mid-sized or fast-growing, BooksTime Online will likely be a better fit for you. BooksTime has a fantastic feature set for small businesses, but when your business grows, you may need to switch tools. Here are five scenarios when the accounting software giant can make the most sense for your business. However, this jumps up to 50 clients with the Plus plan, which is offered at an affordable $25/month, the same cost as BooksTime’s basic plan, and includes unlimited proposals and recurring invoices. A disadvantage of BooksTime is the maximum number of billable clients per plan.

Other Accounting Software

It offers a free API that enables customers and 3rd-party software vendors to integrate external applications with BooksTime. The cloud accounting platform’s wide array of features is one of the reasons why BooksTime is a favorite of many small to mid-sized businesses. Yet although it’s used by many small business owners, BooksTime seems to have a special appeal where freelancers, sole proprietors, and project-oriented businesses are concerned. BooksTime is an online invoicing and accounting software designed for self-employed professionals and small business owners and their teams. As a cloud solution, it is highly accessible, but secure enough for sync and integration with banks, credit card companies, payment centers, and other cloud productivity apps. The Lite plan costs $4.50 per month for up to five billable clients. You can connect the software to your bank account, track time and accept invoice payments online.

With this overview of BooksTime in mind, the next step in this BooksTime review is to explore thedifferent features this accounting software has to offer. Before we dive into the details of BooksTime accounting software features, let’s start this BooksTime review by breaking down the basics.

When you’re away from the office, you can use BooksTime’ mobile app to send invoices. You can schedule BooksTime to automatically send recurring invoices and payment reminders; you can also set it to add late fees to past-due invoices either as a percentage or flat fee. Each additional user you add to your account costs $10 per month. After much research and analysis, we recommend BooksTime as the best invoicing software for 2021. Check out our best picks page to learn more about other accounting software solutions. Our support staff is with you on every step of your journey of growth, starting the moment you make the switch from spreadsheets or any other accounting software. With the BooksTime mobile app you will easily stay connected with your clients and be able to take care of your accounting anywhere.

Support

You can customize invoices, create and email them to customers right from inside BooksTime. You can manually check the invoices received or use a supported merchant service like PayPal and Wave Payments to pay recording transactions online. You can also use BooksTime to track time spent on various projects. You can create simple project records with the name of your project, client, billing method and the estimated number of hours required.

Features include color-coded breakdown of spending, summary of most recent activity, sales tax summary report, accounts aging, and more. Invoicing, Payments, and Accounting – BooksTime has invoicing features that are easy to use. It is simple to create and customize professional-looking invoices. Other features include automated reminders and client credit card charging, request for deposit on invoice, add tracked time and expenses on invoice, offer discounts, automatically calculate taxes, and more. Online payments are automatically recorded in the user’s account.

When you create a new Client record in BooksTime, you basically only supply contact information. But your client home page will eventually populate with information. Client records display their contact as digital business cards of sorts. They contain fields for each client’s name, mailing and email addresses, and phone numbers.

Use our BooksTime review to determine if BooksTime accounting software is right for your business. The free version allows you to send unlimited invoices, view basic reports, and connect one bank account. Wave is an invoicing and bookkeeping software that lets you create and send professional-looking invoices, manage receipts, and even manage employees and taxes. BooksTime is an accounting and bookkeeping software that caters to small businesses.

BooksTime Premium Clients

Starting with the lowest-priced Lite Plan, you can send an unlimited number of invoices each month. However, you can’t send those invoices to an unlimited number of clients. BooksTime Payments lets your business collect payments directly from the invoices you send out. As mentioned, the features included with your BooksTime plan will depend upon which version of the accounting software you choose. Below is a break down of the three plan options and the features included with each. BooksTime online accounting package comes in three different options — Lite, Plus, and Premium. Each option includes different features, based upon the type and price of the plan you select.

After importing the transactions, you can assign them to accounts, attach documentation, insert notes and mark them as “verified”. BooksTime is a simple online invoicing service with a variety of robust features that are important for small businesses. The tool has an BooksTimeive user interface and is simple, even for non-accountants, to understand and use for your financial books.

They can take a photo of a receipt, log it, and data is updated and organized in the system. It has features for multi-currency expenses, automatic categorization, tax-friendly categories, assignment of recurring expenses, and more. Time tracking allows for at-a-glance breakdown of hours spent on work. It has a start-stop timer that automatically logs time into an invoice. Users can also Online Accounting track time from other apps such as Asana, Basecamp, Trello, and Teamwork , or use the Chrome browser extension. Other features include team time tracking, time against a specific client, detailed time entry notes, weekly and monthly views of tracked time, and more. The insightful dashboards provide important financial reports such as profit and loss that makes it easy during tax time.

Converting estimates and proposals to invoices can be done in two clicks rather than creating new invoices from scratch. The software also allows you to duplicate a past invoice and tweak the details, which may be faster than creating a new invoice. The Select plan is for businesses that bill more than $150,000 annually or have more than 500 clients. help you connect with your team and clients, and better understand your business. Easily log and organize expenses in BooksTime to track every dollar spent so you’re always ready for tax time.

With the BooksTime mobile app, you can monitor and manage your business wherever it takes you on any mobile device. All reports can be filtered by client, team member, or date and they are easily saved, exported, or printed when needed. A dashboard helps you continuously update and monitor your account so there are no surprises come tax time. It offers https://bookstime.services/ a color-coded breakdown of spending and provides a summary of the most recent account activity. …and you can track your time and your employees’ hours from anywhere using mobile technology. To manage relationships, access to this data on-the-go through the Harvest app will let me check balances quickly while meeting with clients in the field.

The dashboard and project views of these hours help you keep your entire project and individual employees on the right task at the right time. Depending on the size of your team, you’ll likely import this data into your accounting system once compiled. One of the biggest appeals that BooksTime offers users is a fast, easy way to create professional looking invoices and collect payments online.

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The five most recently updated expenses appear at the top of the Expenses screen; they look like strips of cash register tape. Individual expense records in the list below that contain fields for the vendor, category, date, source, client/project/description, and amount/tax/status. You can attach a file, drag and drop a receipt image, mark the expense as billable to a specific client, change the currency, and designate it as Cost of Goods Sold . No competitor in this group offers such comprehensive expense records. But BooksTime doesn’t estimate quarterly income tax payments, like BooksTime BooksTime Self-Employed and BooksTime Bookkeeping do. As you work on invoices, BooksTime displays links to context-sensitive settings. Other tools have one giant section of the site in which you define all of its settings.

When you select a client in an invoice that has either of those items, you’ll see them in the list that drops down. Click Add to include it on the invoice and a new window opens displaying unbilled time and expenses. You can select any you want included and they appear as line items when you return to the invoice. Both Time Entries and Projects can be automatically converted to invoices.

Reports in BooksTime have limited customization options available, but they can be exported to Microsoft Excel for customizing. We all want to be paid for our time, but how often do you forget to write down how much time you’ve spent https://bookstime.services/ on a job? Using the time-tracking option, you can easily log your time for any job, or start a timer to record the time automatically. This addition allows BooksTime to compete with products such as BooksTime Online and BooksTime.

BooksTime makes it super easy to keep track of your business expenses by automatically importing your purchases from your bank accounts and credit cards. The mobile app has an invoice builder to create invoices on-the-go, and you can submit an expense for reimbursement by simply taking a picture of a receipt. BooksTime can help small business owners and their teams collaborate with one another and retained earnings balance sheet with others like contractors, business partners, and clients through their “Project” feature. Fully customizable, this helps keep everyone up to date on the status of a project, and it can allow access to information based on which role they fulfill. After reviewing its features, I believe Harvest has a lot to offer small service-based businesses thanks to its time-tracking and reporting features.