TimeSolv is a web-based time tracking, billing, and accounting software for attorneys and other professionals. It provides multiple ways to track time, flexible billing templates, various payment options, and other budget and project management tools. Its pricing starts at $19.95 per user, per month, and it works best for individual professionals and small firms looking for an efficient time tracking and billing system.
TimeSolv Pros and Cons
Affordable even for individual practitioners
Outdated and poorly designed user interface
Accessible via desktop and mobile applications
The platform does not offer a general ledger and other general accounting features
Offers a lot of online training and support
Lacks other legal practice management functions
Who TimeSolv Is Best For
- Individual professionals and small firms looking for an efficient time tracking and billing system: TimeSolv can lower the burden imposed on professionals when it comes to tracking their time and billing their clients. By automatically tracking their working hours, users can send accurate bills and expenses to their clients.
- Freelancers: TimeSolv can help freelancers stay on top of their ongoing projects and clients. By allowing them to tag their time, expenses, and other activities, users can monitor their progress and send invoices by accessing the tags they assigned for their clients.
TimeSolv offers two pricing models: TimeSolv Pro (starts at $19.95 per user, per month) and TimeSolv Legal (starts at $34.95 per user, per month). The main differences between the two are access to industry-specific features, such as trust accounting, Legal Electronic Data Exchange Standard (LEDES) invoices, conflict search, and American Bar Association (ABA code tagging.
Law firms and attorneys
Clients and Matters
Flexible Billing Options
LEDES Billing Format
TimeSolv offers bulk pricing for multiple users. For those who need up to 100 users to access the platform, pricing can go as low as $12.95 per user, per month for TimeSolv Pro or as low as $24.95 per user, per month, for TimeSolv Legal. If you are interested, you may visit its website for more details on bulk pricing.
TimeSolv Pro is made for professionals and businesses. It can track unlimited projects and clients as well as manage unlimited documents. It offers users flexible invoicing options when billing clients, whether for a fixed fee or for time and materials. Its accounting features also enable users to manage their accounts receivables.
TimeSolv Legal is made for law firms and legal professionals. It can handle the accounting demands of law practice, from trust accounting, ABA code tagging, conflicts management, and LEDES billing formats. Similar to the Pro option, it includes unlimited clients, matters, and document storage. It also comes with all the standard billing options available for Pro users.
TimeSolv Alternatives 2020
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In addition to industry-specific software, your business might be well served by general-purpose small business accounting software.
TimeSolv can help lawyers and other professionals accurately increase their profitability through its time tracking, invoicing, and web-based billing capabilities. The platform can also be used to manage expenses, to-do lists, and documents. It also comes with project management features to ensure that users are updated with all tasks. Its key features include the following:
TimeSolv can help users bill their clients to the minute. Its time tracking features can be turned on whether or not the user has internet access, and time is automatically logged into the user’s account. The timekeeper dashboard can also be used to define targeted annual billable hours and targeted billable rates as well as monthly targets for all staff members.
TimeSolv lets users create expense entries directly using their expenses dashboard. Similar to the time tracking dashboard, it allows users to mark entries, according to client and subject matter. Expenses may also be tagged with ABA expense codes. This can help users in billing expenses to the appropriate client.
TimeSolv offers flexible billing templates, depending on the user’s subscription. It allows users to split bills, batch invoices, or choose fixed fees when billing clients. They may also choose to schedule the issuance of invoices for recurring billings. The invoices can be sent electronically to the client from within the TimeSolv platform itself.
Built specifically to meet the demands of legal practice, TimeSolv’s trust accounting feature can help users pay invoices automatically from their trust accounts or replenish accounts when they fall below the user-designated threshold. TimeSolv allows users to accomplish these automatically and without user intervention. It also allows users to handle multiple trust accounts and pay trust accounts using credit cards.
Project managers can use TimeSolv to track all aspects of their ongoing projects. It can store and generate information, ranging from scheduling to managing their budget and setting milestones. Project managers can also use the platform to see how much progress has been made on particular tasks.
TimeSolv integrates with the following systems:
- Xero Accounting
- QuickBooks Online
- QuickBooks Desktop
- Office 365
Most Helpful TimeSolv Reviews
TimeSolv reviews available online have given it almost universal acclaim for its accurate time and expenses tracking features. While its interface often is described as outdated, the majority of users commended its accurate and easy-to-understand timekeeping system. Some users, however, wished for more customization options when generating invoices.
Excellent time tracking and billing
One reviewer on G2 liked TimeSolv for making timekeeping easy for users. He shared that it allows him to track his time down to the minute, which his clients can then verify independently. He added that this makes billing easier, allowing him to focus on other aspects of managing their office.
Invoices are not fully customizable
Another reviewer on G2 mentioned that invoices issued through TimeSolv are not fully customizable. He wished for more options like editing the typeface, font size, and the ability to move around sections within an invoice. He added that the template provided is overly complicated, and there is no option to generate a simple flat fee arrangement invoice.
TimeSolv Frequently Asked Questions (FAQs)
What is TimeSync?
TimeSync is a desktop and mobile application that allows users to track expenses and time even when they are offline. It can be downloaded for Windows, Mac, iOS, and Android devices. Please note, however, that as of the time this article was written (May 29, 2020), the app is not yet compatible with macOS Catalina.
What payment methods does TimeSolv accept?
TimeSolv accepts payments made through major credit cards. It also provides automatic withdrawals from checking accounts.
Can I change my billing plan?
Users can change their billing plan at any time. However, it will only take effect on the user’s next billing cycle.
Our Top Accounting Software Provider Picks
In case you still aren’t sure if TimeSolv is right for you, then this article on the best law firm accounting software is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations based on cost, ease of use, and features, including the ability to manage general accounting, handle trust accounting, track billable hours, and manage client billing.