How it works

Project manager creates a baseline resource plan, estimates costs and revenue
The project manager books resources or requests their allocation for the project
Employees track time and expenses through timesheets and expense requests
The manager monitors performance through P&L and keeps track of forecasts

Resource Plans

The project resource plan allows you to schedule operations, in a classic way or using generic resources.

Two versions are available — a master plan and a current estimate. The master plan allows you to fix the initial terms of the project for further comparison with the actual result.

Planning in hours, percent or FTE as well as different time scales are available.

The resource plan data are instantly processed into the planned cost of the project

The planned amount of labor costs and resource bookings for a project can be requested immediately with the Resource Request.

Expense planning and accounting

The project provides an estimate of direct financial costs, such as business trip expenses, subcontractors charges, etc.

Actual costs are accounted via expense requests. The request reflects the types and amount of costs, the need for reimbursement to the employee, and scans of supporting documents.

Request approval routes are customizable and can include roles, such as Project Manager.

Once the request is approved, the cost incurred is immediately recognized in the project expenses.

Revenue planning and accounting

The project captures a payment schedule plan. Payments can be attributed to the project as a whole or to its separate phases.

The project manager indicates expected payment dates if they differ from the original scheduled dates.

For T&M projects, a list of roles is specified for billing. The rates of each role can be adjusted at client or project level.

Once the T&M work has been recorded and approved through timesheets, the work is reflected in the revenue side of the project.

P&L statement

Profit & Loss Statement is a classic representation of financial results.

The P&L configurator adjusts the structure of the report lines: separating groups of lines, summarizing subtotals, and aggregating several accounting items into one report line.

The report displays actual performance or Plan/Actual budget comparison. Financial information is displayed in total or by period: months, quarters or years.

A unique feature of the report is the display of forecast values based on the actual resource plan. Knowing how the budget plan aligns with project progress will allow you to spot and fix problems in time.

Benefits of Project Management

The unified list of company projects
Accurate accounting of project expenses
Automatic labor cost accounting
Full transparency and control of KPI
Detailed P&L for the project
Kirill Dyatko



More than 120 employees at the ALTHAUS investment consulting group are successfully using Timetta to track working time. The company implemented Timetta in order to evaluate the efficiency of its employees and the marginality of its projects.

User-friendly interface, cloud storage solutions, and incredible functionality allowed implementation of the entire solution for their commercial operation in the shortest possible time.

Elena Gorbacheva

Strelka KB

Deputy CFO

KB Strelka is engaged in urban planning and project management. We have more than 350 specialists in our team.

We have been using Timetta for over a year to track working hours and costs for our projects. We have a creative team and therefore it is especially important that Timetta provides a simple and intuitive interface for filling timesheets.

During that period we have made an integration with the corporate budgeting system and now we automatically receive actual costing.

We recommend Timetta to medium and large companies in the field of consulting, engineering and architecture.

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