If you are sick of all those annoying and incompetent project billing and invoicing software, then welcome you are at the right place. We bring a simple, easy-to-use and most efficient tool that will take care of all your needs including time tracking, project management, payroll, billing and invoicing.
Timelo is the complete software that supports you with the budget and manages projects at affordable prices. It is an extremely user-friendly project management tool that is comprised of all the essential features in a single easy to use interface.
Project Billing and Invoicing
Billing is the process of making, and then sending out bills that ask the customers to pay the amount of money they owe you for products, or your services and time.
There are two main project billing choices for projects and jobs you can choose from – charging a flat fee or billing by the hour.
It doesn’t matter what project billing type you prefer, you’ll also have to define your proposed income – this is the sum of money you’ll have to earn in order to pay your bills, meet the expense of your work material and software you use, pay taxes and insurance, but also finally make a profit and hit your target annual salary.
There are some fundamental differences between the two kinds of project billing you should analyze before making your decision:
In flat fee, you charge a fixed, flat fee for a particular product or service you provide. You always charge the same amount for this service, regardless of the material expense or number of hours you spent on it.
You charge for a particular service based on the number of hours you’ve spent on it.
Pick a billable plan and budget scope for each project. Maintain your project billing the approach you or your customers desire and stay within the boundaries of predicted expenses with our billing software.
- Add billable programs (task, project, and team member-based rate)
- Add budget (total project hours, total project value)
- Edit billing inactive projects
Timelo will help you efficiently with invoicing. Get paid in two easy steps: track time and create personalized invoices based on the tracked data. Time tracking and accounting in one place. Project name, hours, billable cost and client data will be added to the invoice. Using Timelo, you can create personalized invoices.
It is necessary to achieve the top level of detail when invoicing clients, so Timelo allows you to select from many different invoice formats to generate an invoice with the level of detail the client is demanding.
You surely have heard time is money. Set the timer and start working, Timelo will make sure to count every single second of your billable hours. It will add all your logged hours and billable expenses to an invoice, with just a click.
This time-tracking software will provide your team members role-based access so that they can log their time and monitor their progress. It will allow you to create tasks within a project and assign them to respective team members.
Timelo will provide you a summary of your work in progress so that you can readily analyze logged versus budgeted hours or billed versus unbilled hours for any task and the best part about this amazing tool is that it is providing 15-day free trial with no credit card required.