A Year In Review

BooksTime review

If you need time tracking on a budget, BooksTime is the perfect choice. If you want to track time and inventory and access more reporting, including for project profitability, you’ll need to opt for the Plus plan, available at $70/month.

How do I cancel BooksTime subscription?

​Click on the gear icon in the top left corner. Click on Billing and Upgrade. If you’re still on a trial, click on manage your plan first. Then click on the cancel your account link at the bottom.

Both BooksTime and BooksTime are affordable accounting tools for small businesses and solopreneurs, but their pricing depends on your business size and the features you need. Service-based professionals will find its set of customizations perfect for branding their invoices and proposals. Though a tad expensive as compared with its competitors — freelancers, consultants, and self-employed will love its bookkeeping capabilities. BooksTime’s extensive set of features are suited for larger-sized businesses and would come with a steep learning curve. You can give its “Starter” plan, priced at $10 per month for the first four months, a try. While BooksTime online is powerful and makes sense for mid-sized and larger businesses that want deeper insights, freelancers and contractors might find it overwhelming.

BooksTime Videos

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.

BooksTime makes it easier for business owners to serve their clients and provides the kind of human support you need to grow your company. While you can create an hourly budget for a project, BooksTime does not offer a company-wide budget feature at this time. Accountants, who can access BooksTime reports, categorize expenses, and create journal entries. For bigger jobs, you may want to create a formal project proposal or job estimate. If an estimate is approved by your client, you can easily convert it into an invoice with a few clicks. You can set reminders, with BooksTime notifying you if the payment is late, and can add a late fee if a client’s payment is really late. Alternatives Looking for a different set of features or lower price point?

Inventory management and point of sale are available, which are for mid-sized and larger businesses with brick-and-mortar stores. BooksTime has launched Checkout Links which lets you create unique payment links that you can share on your website, social media, or email. Accessible below Payments in the vertical panel in the left sidebar, it even generates automated receipts after each purchase. While these reports aren’t super useful for freelancers or consultants, they are handy for small businesses.

Who uses BooksTime?

5 companies reportedly use BooksTime in their tech stacks, including Promoter.io, CoolWorks, and SimDex.Promoter.io.

Basic reports like profit-and-loss, cash flow, expenses, sales tax summaries, and more are available with a few clicks within BooksTime cloud accounting. It’s easy to filter by client, date range, or product, and you can easily export, print, send, or save reports for others.

Support For Whatever Stage Of Business Youre In

However, if you’re part of a small team looking for a platform to manage your projects and track billable hours, try BooksTime’ free 30-day trial or read on for the full review. BooksTime has some unusual https://bookstime.solutions/ features, but there are also some basic features missing, such as payroll and bill reminders. It also doesn’t have an inventory tracker, which makes it a bad fit for product-based businesses.

  • It’s easy to navigate, and the search feature is very thorough.
  • Overall, BooksTime features a higher score on the G2 review site.
  • The dashboard allows the user to hover over to any required feature like adding clients, generating invoices, etc. very easily.
  • It’s our Editors’ Choice winner for accounting for sole proprietors, freelancers, and very small businesses again.

Adding other invoice payments and income from sources is also possible. From the Payments tab, you can manually mark the invoices retained earnings you sent to your clients as paid. The template for estimates is the same as the one for the invoice we saw above.


I have not tried all the other applications the platform, but hope to check them out soon. Most recently she was a senior contributor at Forbes covering the intersection of money and technology before joining business.com. Donna has carved out a name for herself in the finance and small business markets, writing hundreds of business articles offering advice, insightful analysis, and groundbreaking coverage. Her areas of focus at business.com include business loans, accounting, and retirement benefits. The company’s website has a searchable knowledgebase, a blog, free e-books and a webinar that teaches you how to use the software. Second, there are no batch-invoicing shortcuts, which would be useful if, for example, you’re invoicing multiple customers for the same service at the same rate. The software allows you to schedule recurring invoices to be sent weekly, monthly, annually or as frequently as you choose.

BooksTime review

This helps you bill with accuracy and means you can add the hours you’ve tracked to your client’s invoice. You can manually log time in BooksTime or use the built-in timer. Easily review the logged time of your employees and contractors. Available for both iOS and Android devices, BooksTime’ app includes nearly all of the features found on the browser version of its software.

BooksTime financial reports are amazing and very easy to understand.makes stocks tracing from purchase to sales very easy and secures them from theft. Product recommendations, vendor rankings, market overview and tips on how to select Accounting software for business. You can either explore BooksTime’ FAQ, where you can search for your issue on your own, or contact BooksTime’ support center through email or by phone. Note that BooksTime’ support is only available on Monday through Friday from 8 a.m. You can also quickly add an entry through the “new expense” button under the “all expenses” section. Rather than leading you to a new page, a form will show up where you can fill in the details without leaving the “expenses” page. There’s plenty of space between elements and everything is clearly labeled.

BooksTime Review: Do I Recommend It?

The addition of a double entry accounting system has made BooksTime a preferred accounting software for small businesses looking for a general accounting solution. However, the double entry accounting system is not available for the Lite plan and only available for the Plus, Premium and Select Plans. The double entry accounting system allows the businesses to better assess their performance and embark on new avenues for growth. However, once you are done setting up your account on BooksTime, you are directed to the dashboards tab and there is a lack of guidance to make this section of the software easy to use. An initial step by step guidance saves businesses a lot of time they spend figuring out the software. Unfortunately, BooksTime doesn’t do very well in this department.

BooksTime review

Along with the client portal, you can see the backend of all of the clients you have. With the client management tab, you’re able to create new clients, add in their information, and even archive them if you need to. You can all add internal normal balance notes that are not visible to your clients. BooksTime competes with other popular accounting software tools like BooksTime, Wave, and BooksTime. In terms of usage and the user experience, we found it to be most similar to Wave.

For each invoice, you can customize the style, set automatic payment reminders, choose to charge late fees, and set different https://bookstime.company/ currencies. You will add your company logo, select a client to bill from your saved clients list, and add line items.

Should I Lend Money To My Business?

It’s meant for five billable clients and is most suitable for self-employed professionals who are constantly on the go. This plan comes with the solution’s most basic features such as unlimited invoices, unlimited expense entries and unlimited time tracking functions. This eases the process involved in managing your financials by making it easier to automatically input data. For the self-employed and freelancers, BooksTime offers the most basic features they require in an accounting solution.

Because of this, we recommend creating tax categories beforehand so you can easily add the proper taxes to items without having to do it manually each time. While the tool is notably user-friendly, it’s not nearly as nuanced as tools like BooksTime and BooksTime.

BooksTime review

Every payment made by the client is automatically tracked to the accounts in BooksTime making the whole process hassle free. The payment feature also allows you to request for advance payment for starting a project and generates auto reports for all the payments made. Reminders for payment are automatically sent and late payment charges are also added automatically to the client’s bill. BooksTime offers you exactly that; an easy to generate, highly attractive looking invoice with a variety of online payment options like credit card, Apple pay etc. Payment reminders and extra charge for late payments can also be added and guess what?

You can also set up two connections that are critical to BooksTime operations. If you enter your login credentials for financial institutions at which you have accounts, then BooksTime connects to their websites and imports your account transactions. And by signing up for BooksTime Payments or Stripe, online bookkeeping you can start accepting credit cards. Finally, the small bell icon in the upper left takes you to updates about your clients, team members, and other business issues. Over the years, it has expanded in scope and grown into the go-to online accounting service for sole proprietors and startups.

However, you might need an accounting solution if your business is growing at a fast pace and accounts are getting complex to manage and oversee. You might also need it if you want to maintain and manage your cash flow to maintain sustainability of your business.

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