Time and Materials (T&M) Projects
The application supports hourly billing projects. Every hour worked will be tracked and billed accordingly.
Timetta Billing
Automate your project billing process. Receive payment from the client for every hour worked by your employees.
Timetta Billing Overwiew
2 minutes
Expected performance indicators
Implementation result
4х
billing speed
Decrease in accounts receivable
50%
lower payment processing costs
Complete elimination of invoice errors
Customer reviews
Timetta is a ready-made solution for companies from various industries — consulting, IT integration, architecture, audit and marketing etc. Find out what business owners are saying about Timetta and how the product has changed the way they work.
All reviews
Peter Fafara
Partner Blank Architects
Blank Architects specializes in complex architectural projects. For us, time is a basic economic indicator. We have been using Timetta for over 2 years and can recommend the system as a reliable timekeeping tool and performance evaluation tool for project teams.
Kirill Dyatko
HRD ALTHAUS Group
More than 120 employees of the investment-consulting ALTHAUS Group successfully use Timetta for timekeeping. The company uses the system to evaluate employee efficiency and project margins.
Denis Gureev
CEO Architectural Bureau “Ostozhenka”
Compared to Excel spreadsheets, it takes much less time to fill in timesheets and analyze them. We liked working with Timetta because of the system's convenience. We can safely recommend it to our colleagues from other companies.
Mikhail Gurevich
Partner Masterkaya “KSP”
The KSP workshop has been using Timetta since January 2018. During this time, the system has become a familiar tool for accounting and labor planning, and has taken its place in the company's business processes. Filling out and coordinating timesheets in Timetta has become a routine operation and takes 5 minutes a day.
Evgeny Rudakov
Partner ADE Professional Solutions
Within a month, we managed to configure and implement Timetta in ADE. Convenient report designer, configuration of workflow approvals, prompt technical support — all this allowed us to make the system startup process comfortable for our employees. We recommend Timetta as a convenient functional tool with good technical support.
Andrey Vedeshin
Head of Business Analysis Systems at GMCS
Timetta we have been using for more than 2 years. Thanks to this system, we have practically eliminated «resource» wars in GMCS, which was one of the main goals of the resource management system. The system allowed us to see a clear and transparent picture of the work on projects.
Igor Elovikov
Deputy General Director of EAE-Consult
It is fundamentally important for EAE-Consult to use resources rationally and manage projects efficiently. That is why we use the Timetta-based resource planning and labor accounting system. The system provides capabilities for timekeeping, resource utilization management and project performance control.
Alexander Radutsky
Managing Director PKF MEF
PKF MEF has been using Timetta for three years. Today, PKF MEF managers see all projects in a dynamic way, and it takes us considerably less time to consolidate data and analyze the performance of our divisions. Timetta allows us to assess projects, employees and customers from different angles and be even more efficient.
Alexander Bashkov
Project Manager at Beyond Taylor
We like Timetta for its clear interface and functionality. It has everything you need to constantly track the economics of your projects. The analytics allow us to quickly put together a report with a focus on different metrics. We can safely say that Timetta meets all the needs of Beyond Taylor.
Roman Fetkullov
Head of Visualization and Analytical Solutions at CSC (NLMK)
The Corporate Solutions Center was looking for a solution that would capture the distribution of workload into priority or non-target operations, their composition, and help determine the share of employees' involvement in project activities. The choice was made in favor of implementing Timetta.
Yuri Ilyin
Managing Partner Axenix
In March 2022, more than 2,000 of our employees found themselves without all the technological tools or even a basic email and Internet site — Accenture made the decision to separate us. So we started looking at what ready-made products were already on the market, naturally local and without global clouds. In the end, we chose a solution that suited us: the Timetta cloud system.
Timetta Billing: Key Features
Timetta Billing automatically generates invoices based on tracked time. Managers no longer need to waste time figuring out how many hours to bill for a given period.
The workflow builder allows you to set up rules for invoice processing. Separate approval workflows can be created for invoices with different amounts, counterparties, and other attributes.
The template builder simplifies invoice creation, helping to eliminate errors and inaccuracies that employees often make during routine completion of payment documents.
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Invoice Lifecycle and Workflow
Timetta Billing offers a comprehensive set of tools for managing project invoices. The invoice lifecycle is one of the key elements in the application’s billing management. Lifecycles contain information about the invoice status and the rules for transitioning between them. With a simple workflow mechanism, you can configure a flexible invoice approval process. The workflow builder allows you to specify all participants in the approval process, create separate routes for different types of invoices, and set up notifications. Invoice statuses are easily tracked through summaries, and users can use filters to find all unapproved or rejected invoices.
Estimation
Track work & expenses
Templates
Reports
Planning
Billing estimates are set at the project level in the form of a payment schedule and individual transactions. Estimates can be made based on both the invoice date and the payment date.
Billing is directly tied to the project's revenue, so revenue and billing estimates are handled within the same interface.
The baseline plan and its updates are managed through project versions. During project execution, plan-versus-actual analysis is available.
Accounting for work and expenses
The methods for tracking work and costs in Timetta are different. Work is tracked through timesheets, while costs are tracked via expense requests
Billing rates for work are calculated based on the specialist’s role in the project. For instance, a junior consultant will have one rate, while a senior consultant will have another. All of this will be reflected in the invoice.
Invoice Template
Timetta Billing empowers you to generate invoices automatically using predefined templates. These templates allow you to specify your organization's name, legal address, payment details, and signatory names.
When issuing an invoice, Timetta Billing allows you to fill in fields with the invoice number, date, and select a list of billable work recorded in the system.
These templates help the billing manager quickly and accurately create invoices for service payments.
Reports
Dashboards and reports are available for billing analysis and control.
The project card clearly shows the current estimate, plan and fact on billing and payment.
Billing managers can use the «Payment Status» dashboards to quickly identify work and expenses that have not yet been paid.
Summary analytical reports help monitor and forecast billing metrics across the entire project portfolio.
How client billing works in Timetta?
1
The project manager selects the rates for the project
2
Users track time and expenses
3
Timesheets and requests go through approval
4
The billing manager issues invoices and monitors payments
How does Timetta Billing work?
Timetta Billing is an integral part of the billing management system. The application is responsible for invoicing clients for hourly billed projects. Timetta Billing works closely with two other applications—Timetta Projects and Timetta Finance—which enable work planning and scheduling of payment collection. Actual metrics are recorded in Timetta Time Tracking through electronic timesheets, where employees track their hours worked on the project. Once a timesheet is approved, the system automatically generates an invoice based on the selected rate.
As a standalone application, Timetta Billing is suitable for organizations looking to automate their client invoicing processes. Timetta Billing helps manage invoice generation and payment, control the revenue side of projects, and make the billing process convenient and fast for the client. The system allows you to set up a rate catalog to manage rates at the client and project level. All invoices are automatically generated using pre-configured templates, where you can specify the required details and fields for completion.
However, Timetta Billing is most valuable as a component of the Timetta ecosystem, as it allows for precise invoicing down to the minute for only the work completed during the project's execution.