BooksTime is often regarded as the best accounting software out there, but it’s not ideal for everyone. If you’re looking for a cheaper or even free alternative accounting system, keep reading.

• You can create a new project in minutes, with the option to choose a flat-rate project or an hourly project.
• In fact, BooksTime may have even managed to make invoicing fun.
• A BooksTime Chrome extension can be activated to enable time tracking to synchronize from apps such as Asana, Basecamp and Trello.
• When it comes to CRM integrations in particular, BooksTime offers accessible out-the-box syncs, including tested connections with HubSpot, Capsule and AgileCRM.
• You can automate recurring BooksTime invoices over set periods – e.g. monthly, weekly or fortnightly – in the currency that you or your client prefers.

He has written hundreds of articles including project management software reviews, books reviews, training site reviews, and general articles related to income summary the project management industry. We also like that you can format invoices in several languages, including English, Spanish, French, German and Swedish.

By creating a BooksTime account and exploring the platform firsthand, you’ll have a better sense if this solution can fulfill your business accounting needs. BooksTimecloud is a desktop accounting software for small to large companies. The Mac-friendly app features robust tools for billing, accounting, inventory management, and certain industry-specific functions. But Stripe does a better job at managing client subscriptions and automatically charging their credit card each month.

Features, Benefits, Product Strengths

As cloud-based software, BooksTime is compatible with nearly any device so long as you have an internet connection. BooksTime also offers a mobile app for iOS (11.4+) called BooksTime Cloud Accounting and a mobile app for Androids (4.4+) called BooksTime — Invoice+Accounting. I’ve never enjoyed bookkeeping but doing the admin part of my business (invoicing client, tracking expenses, tracking down clients who haven’t paid me) with BooksTime has been so helpful to me.

With their account, contractors can only see the projects you’ve invited them to and track their time against those projects. Available for both iOS and Android devices, BooksTime’ app includes nearly all of the features found on the browser version of its software. You can track billable time, take pictures of receipts and record expenses, create and send invoices, chat with clients, and accept payments. Last but by no means least, BooksTime also operates a hugely beneficial invoice-to-payment feature. It’s possible for owner-managers to be alerted when a client receives and opens an invoice. This overview ensures peace of mind for businesses that can be sure invoices are delivered, thus making it harder for clients to claim that an invoice hadn’t been received and subsequently avoid payment.

This feature stops the hunt for the email attachment file you need, it allows a collaborative space for feedback, and it keeps everyone on the same page regarding time expectations and responsibilities. Billable expenses and project spending are easily tracked and stored so you can stay on budget. Another perk of using Harvest bookkeeping is that you can integrate with BooksTime Online or BooksTime, so copies of your invoices are automatically sent to your account. From an operational standpoint, this data is critical in understanding how your business works internally, and what you can do from a management perspective to improve your internal processes.

BooksTime Review: Pricing And Plan Options

You can either check a box to apply those taxes to all line items on the invoice or assign them individually. BooksTime does not directly integrate with a sales tax service like gold standard Avalara, but even without this, it handles sales taxes like most competitors do. The Sales Tax Summary report will help you fill out any necessary related reports. An invoice template opens with your contact information and logo, the current date and due date, and an invoice number filled in. You complete the rest by selecting items or services and entering quantities. If you’ve created sales tax rates already, then the correct one should be assigned.

BooksTime BooksTime Online wins our Editor’s Choice for small business online accounting. Each project has its own home page, where you can review your entries and add more, as well as exchange messages with your team members. BooksTime makes your most commonly used invoice settings available to you when you’re working on an invoice.You can set up sales taxes right from your invoices, too. Click on it, and a small window opens where you can define multiple sales taxes.

How Much Does BooksTime Cost Per Month?

No credit card or banking information is required, and the service can be canceled at any time. BooksTime is your ultimate solution to automating your Invoicing processes. With BooksTime you can easily create, send, and manage invoices. This product allows you to enter invoices quickly with minimal user data required, and then send them out via e-mail or traditional mail.

So BooksTime has to email We-pay and Stripe and instruct them to call me. The company Stripe did pay me $1000, because they said thats all they was responsible for. But We-pay never paid me anything and BooksTime acted as though they where not even involved, even though I pay them a monthly fee to take care of my invoices and payments. I think a worker from BooksTime changed my bank account information.

BooksTime Chrome Timer, and there are integrations to track time in Asana, Trello, Basecamp, and Teamwork. Managers can see employee time at a glance and categorize time based on projects, clients, or specific goals.

This context sensitivity is great feature, one that saves time and constantly reminds you of options available. You can, for example, switch to a different invoice style here. You can also make the invoice recur at specified intervals, either automatically or manually, and set up online payments.

If you don’t care about tracking profit margins on projects or really tracking expenses accurately at all, then BooksTime might work for you. The company’s website has a searchable knowledgebase, a blog, free e-books and a webinar that teaches you how to use the software. BooksTime Payments, which allows you to accept payments online, costs 2.9% plus 30 cents per transaction. Alternatively, you can connect your Stripe account to the system. When it comes to CRM integrations in particular, BooksTime offers accessible out-the-box syncs, including tested connections with HubSpot, Capsule and AgileCRM. You can also add payroll to any plan as an add-on, which costs between $45 + $4/employee/month to $125 + $10/employee/month depending on the functionality you need. Two of the most popular accounting tools for small businesses are BooksTime and BooksTime Online.

I really enjoy going into BooksTime and clicking “send invoice”. The dashboard lets you see outstanding invoices and your total profit for the year.

Along with complete accounting functionality, BooksTime also offers integration with numerous third-party applications, which will be discussed later in the review. BooksTime mostly focuses on invoicing and payment collection, so you may have to purchase or connect to another accounting system anyway.

Create proposals and estimates with a few clicks and send them to clients for instant approvals and unlimited invoicing. If the client likes the estimate or proposal they can simply click a button to start now and submit payments. Expenses are rapidly auto-categorized to facilitate tax filing, and you can click to bill clients for any related expenses. Spend is visualized in charts to help you see at a glance how much is being spent on specific https://bookstime.company/ projects the moment you sign into your BooksTime account. BooksTime double-entry accounting allows for these expenses to be easily managed by your accountant for maximum efficiency. BooksTime Expenses links bank accounts and credit cards to import your spending for up-to-the-moment expenses within your BooksTime account. Receipt capture means you never have to worry about losing or ruining paper receipts as you track expenses.

BooksTime works best for service-based businesses and for freelancers and solopreneurs that need a way to track expenses and revenue for simple reports. BooksTime is a reputable software option that millions of businesses rely on every month. Many customers who sign up for the service enjoy the features and are happy about making FreshBook their accounting solution of choice. As a small business owner, anything you can do to save time on mundane tasks and free up time to generate a bigger profit is a win. Depending on the size of your business and how much time an accounting software feature might save you, a higher monthly fee could potentially be well worth the cost.

Creating a project can be particularly helpful if you tend to forget to track your time properly since potentially every service you sell can be a project. If you’re self-employed,BooksTime was created to give you an easy way to track income and expenses. It has four plans available, ranging from the Lite plan, which is perfect for sole proprietors and startups, to the Select plan, which is better suited for larger businesses with more clients. Applicant Tracking Choosing the best applicant tracking system is crucial to having a smooth recruitment process that saves you time and money. Find out what you need to look for in an applicant tracking system. Appointment Scheduling Taking into consideration things such as user-friendliness and customizability, we’ve rounded up our 10 favorite appointment schedulers, fit for a variety of business needs. Business Checking Accounts Business checking accounts are an essential tool for managing company funds, but finding the right one can be a little daunting, especially with new options cropping up all the time.

Plus, in addition to the typical accounting tools you need for sending invoices and managing expenses, BooksTime also provides functionality for time tracking, client communication, and project management. As we mentioned, BooksTime is web-based accounting software, meaning you can access your account anywhere you have internet access. Designed to accommodate business owners on the go, BooksTime can also be easily accessed via a browser on your mobile device, as well as using the BooksTime mobile accounting app for iOS or Android. Hiveage is an online accounting platform designed for freelancers and small businesses. It lets you make project estimates, send invoices, and track payments and expenses all from one system. Nearly anything you can do on the desktop version can also be done in the mobile app. Create and send invoices, record payments, track and import expenses, manage projects and track your time.

If you want to rearrange lines on an invoice, you drag and drop them into place. statement of retained earnings example The Plus plan is $7.50 per month, which lets you bill up to 50 clients.