Unlock the full potential of your billing and time management with TimeSolv—a software solution that’s more than just a timekeeper.
From seamless invoicing to robust project management, discover how this platform can revolutionize your workflow, all while offering excellent customer support and value for money.
Find out why TimeSolv could be the game-changer your business has been waiting for. Don’t just track time—master it with TimeSolv !
Read further to learn more about TimeSolv, in our review we will detail its features, pros and cons with our rating, and a conclusion about why you should use it.
Click on “open” if you want to see exactly what we will talk about in the rest of this article.
Overview
What is TimeSolv?
TimeSolv is a web-based legal time tracking and billing software designed to increase billable hours and streamline invoicing processes.
Primarily targeted at attorneys and law firms, the software offers a range of features including customizable invoicing, multiple time tracking methods, and automated payment collection through TimeSolvPay.
It also provides dynamic dashboards for real-time insights into key metrics, as well as data security with 256-bit SSL encryption. The platform is versatile enough to accommodate solo practitioners as well as large firms, and it integrates seamlessly with other software tools.
TimeSolv aims to solve common challenges in legal practice such as client payment delays, time-consuming time tracking, and invoice customization.
TimeSolv specifications
Features | Account Management Dashboard / Accounting management / AutoMail / Batch Invoices / Billing and Account Management / Budget Management / Central billing / Centralized Dashboard / Custom Reports and Analytics / Document Analytics / Document Automation / Easy Payments / Expense Tracking / Flexible Billing Templates / Invoice Management / Invoice Templates / Invoice Tools / Milestones / Online Payments / Project Management / Real-Time Budget Tracking / Real-time Dashboard / Real-time Reporting / Reporting and Insights / Reports and Analytics / Run Multiple Timers / Scheduler / Synchronization Across Devices / Time Tracking / Time insights / Track & Pay Bills / Tracking and Reporting |
Best suited for | Individuals, Freelancers, Small businesses, Mid size businesses, Large enterprises |
Website languages | English |
Website URL | Visit official website |
Support link | Support page |
Live chat | No |
Company address | Eagan, MN |
Year founded | 1999 |
Pricing
TimeSolv pricing: How much does TimeSolv cost?
Explore TimeSolv’s flexible pricing options tailored to fit your needs, whether you’re a solo practitioner or part of a larger team.
With plans ranging from $29.95 to $43.95 per user per month, you can access a plethora of features from unlimited document storage to intricate trust accounting!
Pricing range | From $29.95 to $43.95 per month |
Pricing types | Annual subscription / Monthly subscription |
Free plan | No |
Free trial | Yes, 30 days |
Money back guarantee | Yes, 180 days |
Pricing page link | See plans |
TimeSolv pricing plans
TimeSolv Legal
Cost:
- 1-4 Users:
- Monthly: $43.95 per user
- Yearly: $41.95 per user
- 5-14 Users:
- Monthly: $41.95 per user
- Yearly: $39.85 per user
- 15+ Users:
- Monthly: $39.95 per user
- Yearly: $37.95 per user
Features:
- Unlimited Clients & Matters
- Unlimited Document Storage
- Trust Accounting
- Various electronic billing formats
- Integration with QuickBooks, Xero, LexCharge, LawPay, and Office 365
- ABA Task and Activity Codes
- Conflicts management
- Flexible billing options
TimeSolv Pro
Cost:
- 1-9 Users:
- Monthly: $29.95 per user
- Yearly: $28.45 per user
- 10-24 Users:
- Monthly: $24.95 per user
- Yearly: $23.70 per user
- 25+ Users:
- Monthly: $22.95 per user
- Yearly: $21.80 per user
Features:
- Unlimited projects and clients
- Unlimited document storage
- Integration with QuickBooks, Xero, LexCharge, LawPay, and Office 365
- Flexible invoicing options
- Multi-step approval process for time or expense entries
- Accounting features for managing accounts receivables
- 25+ reports for business management
Features
TimeSolv features: What can you do with it?
TimeSolv offers a comprehensive suite of features designed to streamline legal and project management tasks.
From robust time and expense tracking to intricate budgeting and reporting capabilities, the software provides an all-in-one solution for firms seeking to optimize their operations.
Time Entry
Track Time Anywhere
This feature allows for versatile time tracking across various devices including smartphones, tablets, and desktops.
It’s designed to capture every billable minute accurately, whether you’re in the office or on the go. The offline functionality ensures that you can continue to track time even without an internet connection, and once reconnected, the data syncs automatically.
Time Entry Analytics
Time Entry Analytics offers a dashboard that displays various Key Performance Indicators (KPIs) such as the average time spent on tasks, billable vs non-billable hours, and more.
These metrics are available for each timekeeper in the firm, providing a granular view of productivity and efficiency. This data can be crucial for performance reviews and strategic planning.
Run Multiple Timers
This feature is particularly useful for professionals who multitask across different projects or tasks. You can have multiple timers running for different activities, and switching between them is seamless.
When you start a new timer, the currently running timer will pause automatically, ensuring that no overlapping occurs.
Custom Abbreviations
Custom Abbreviations allow for the standardization of terminologies across the firm.
For instance, you can set abbreviations for commonly used phrases or task names, making it quicker and easier to make entries. This not only saves time but also ensures uniformity in billing and reporting.
Stay On Budget
The “Stay On Budget” feature allows you to set predetermined limits on the number of hours that can be billed for a particular task or project.
Alerts can be set up to notify when you’re nearing or have exceeded the budget, helping to manage client expectations and avoid billing disputes.
Sync Everything
The TimeSync desktop application serves as an extension of the main software, enabling time tracking without the need for a web browser.
This is particularly useful for those who prefer a dedicated application over a browser-based interface. The app also has offline capabilities, so you can continue tracking time even when you’re not connected to the internet.
Organize Your Hours
This feature provides a comprehensive overview of your billed hours, categorized by day, week, and month. It’s designed to give you a quick snapshot of your billing history, helping you to understand your work patterns and manage your time more effectively.
Invoicing
Flexible Billing Templates
TimeSolv allows you to create and send customized invoices, individual bills, and estimates tailored to each client’s specific needs. The use of templates for different client types eliminates the need to create invoices from scratch, saving valuable time.
Split Billing
This feature enables you to divide an invoice among multiple parties, specifying the percentage each is responsible for. This is particularly useful when dealing with complex billing scenarios involving multiple stakeholders.
Get Paid Faster
TimeSolv offers an online client portal where clients can make payments via credit card or ACH. The software also supports recurring invoices, allowing you to automatically bill clients or businesses on retainer, thereby reducing accounts receivable.
Batch Invoices
For clients or businesses that require similar services, TimeSolv allows you to generate batch invoices with a single click. This feature is integrated with other accounting tools like TimeSolvPay for even more efficient billing.
Choose Fixed Fee
The software provides the flexibility to offer fixed-fee billing arrangements. You can set a base fee using the time-tracking tools, ensuring that your business remains profitable.
Schedule Your Invoices
TimeSolv allows you to set due dates and reminders for invoice delivery. This helps in maintaining a consistent billing schedule and ensures that you never miss a payment deadline.
Adjust Invoice Tools
Even after using a template, you can make quick adjustments or edits to the draft bill. This feature allows you to send highly customized invoices to meet specific client needs.
Bill Electronically
TimeSolv supports electronic billing and is compatible with various billing codes like ABA task codes, UTBMS, LEDES 1998b, and more. This eliminates the need for paper billing and reduces overhead costs.
AutoMail
For businesses that are not yet ready to transition to electronic billing, TimeSolv offers an AutoMail feature. This allows you to have invoices sent via traditional mail, providing a bridge to more streamlined billing processes.
Dashboards
Staff Dashboard: Empower Your Team to Thrive
The Staff Dashboard is designed to enhance collaboration and productivity within your team. It serves as a centralized hub where team members can manage tasks, deadlines, and project progress.
The dashboard features intuitive visualizations and customizable widgets, allowing staff to monitor their performance, track billable hours, and identify bottlenecks. This fosters a culture of accountability and efficiency within the organization.
Client Dashboard: Strengthen Client Relationships
The Client Dashboard provides graphical charts that offer a quick overview of client-related data.
It helps you gain insights into metrics like billable hours, revenue generated, and outstanding balances. This dashboard is instrumental in identifying trends, tracking progress, and optimizing client relationships.
Financial Dashboard: Optimize Financial Performance
The Financial Dashboard consolidates all your financial data, offering a holistic view of your firm’s revenue, expenses, and profitability.
It integrates seamlessly with popular accounting software and features customizable widgets and visualizations. This enables you to track key financial metrics, analyze trends, and identify areas for improvement.
Overview of Key Features of TimeSolv’s Dashboards
TimeSolv’s dashboards are user-friendly and customizable. They allow you to create and share dashboards that display the data most relevant to you and your team.
- Real-Time Insights: This feature provides up-to-the-minute data on projects, time entries, invoices, and more. It empowers you to make quick, informed decisions.
- Customizable Widgets: You can tailor the dashboards to fit your unique needs by choosing from a range of widgets that display the information most important to you.
- User-Friendly Interface: The dashboards are designed for ease of use, allowing you to navigate effortlessly and extract actionable insights.
- Integration Capabilities: TimeSolv allows for seamless integration with popular accounting and project management software, centralizing your data and streamlining your workflows.
- Data Security: TimeSolv takes data security seriously, implementing robust measures to ensure that your sensitive information remains safe and confidential.
Reporting
Multiple Reports and Formats
TimeSolv offers a comprehensive reporting feature with 31 different reports available in 10 formats. Whether it’s financial data, project status, or time tracking, the software has a report to meet your needs.
Stay on Top of Accounting
This feature allows you to group your Accounts Receivable by client and provides lists and invoices. It helps in maintaining a clear financial picture and aids in cash flow management.
Firm Performance
The Firm Performance report provides insights into budget vs. billed metrics, identifies the most profitable timekeepers, and more. This is crucial for evaluating the overall health and profitability of your firm.
Invoices, Payments and Trusts
TimeSolv offers six different reports in this category, ranging from aged invoices to cash receipts and trust banking. These reports are essential for tracking the financial transactions related to invoicing and payments.
Managing Projects
This report provides a detailed view of how resources are allocated in various projects. It also includes information on all budgeted matters, helping you to manage projects more efficiently.
Time & Expense Tracking
The Time & Expense Tracking report offers data on hours missed by timekeepers, task summaries, and a comprehensive list of all time and expense entries. This is particularly useful for ensuring that all billable hours and expenses are accurately recorded.
Budgeting
Estimate Matter Costs
This feature allows you to accurately estimate the costs associated with time and expenses for each legal matter. By having a precise understanding of potential costs, you can better manage client expectations and improve budgeting accuracy.
Profitable Fixed Fees
TimeSolv enables you to create detailed project plans, which in turn allows you to quote fixed fees confidently. The aim is to ensure that each project is not just completed efficiently, but is also profitable for the firm.
Budget Reports
The Budget Reports feature provides real-time insights into how a matter is progressing compared to its budget. These reports are crucial for monitoring the financial health of a project and making timely adjustments as needed.
Expense Tracking
Track Expenses Anywhere
This feature is designed for on-the-go professionals who need to track expenses across multiple locations and times.
Whether you’re at a client meeting or traveling, you can log expenses from any device. The offline functionality via the TimeSync app ensures that you can record expenses even without an internet connection, and the data will sync once you’re online.
Expense Entry Analytics
This analytics tool provides a deep dive into your company’s spending habits. It offers KPIs like average expense per project, most frequent types of expenses, and spending per timekeeper. This data can be instrumental for budget planning and cost management.
View Expenses
The calendar view organizes your expenses in a chronological format, allowing you to see spending patterns over time. This can be particularly useful for end-of-month reconciliations or when you’re trying to understand seasonal spending fluctuations.
Custom Abbreviations
Just like with time entries, custom abbreviations for expense types can be set. This ensures that everyone in the firm uses consistent terminology, making it easier to understand and analyze expense data.
Attach Receipts
The ability to upload and attach receipts to invoices is a significant feature for audit trails and financial transparency. It ensures that all expense claims can be verified, reducing the risk of errors or fraud.
Categorize Entries
The built-in ABA task codes for LEDES billing help in classifying expenses into different categories. This is crucial for firms that need to adhere to specific billing standards or who want to analyze expenses by category for internal purposes.
Stay On Budget
The “Stay On Budget” feature allows you to set a cap on billable expenses for each project or legal matter. Notifications can be set up to alert you when you’re nearing the budget, helping you manage costs more effectively.
Sync Everything
The QuickBooks integration ensures that any expenses recorded in QuickBooks can be seamlessly imported into TimeSolv for either expense claims or client billing. This eliminates the need for manual data entry, reducing the risk of errors.
Stay Abreast
With a variety of reporting options available in 10 different formats, you can choose the one that best suits your needs. Whether it’s a detailed analysis or a quick overview, these reports help you stay on top of your expenses and make informed decisions.
Trust Accounting
Effortlessly Pay Invoices
TimeSolv allows for automatic payment of invoices from your trust account. This eliminates the manual effort involved in processing payments and ensures that invoices are paid promptly.
Autopay Invoices from Trust
The software monitors your trust account balance and will automatically replenish it to a designated level. This feature ensures that you never run out of funds unexpectedly, allowing you to focus on your work.
Convenient Payment Options
The integrated TimeSolvPay Client Portal enables clients to easily add funds to their trust accounts. This adds an extra layer of convenience for both you and your clients.
Manage Multiple Matters Easily
TimeSolv allows you to generate unlimited trust accounts, whether IOLTA or COLTAF, for each case. You can also move funds between these accounts effortlessly, providing flexibility in how you manage client funds.
Transfer Funds Between Trust Accounts
If you’re managing multiple cases for a single client, this feature makes it easy to transfer money between different trust accounts. This ensures precise and effective fiscal management across all client matters.
Accurate Monthly Reconciliations and Detailed Reporting
The software provides detailed trust banking reports, enabling you to perform accurate bank reconciliations. This is crucial for maintaining financial integrity and transparency.
Comply with Legal Requirements
TimeSolv’s Trust Accounting Software is designed to meet legal trust accounting requirements, ensuring that your firm remains compliant and avoids any potential penalties.
Western Australia Legal Compliance
The software is also compliant with Western Australia Legal Trust Accounting requirements, making it suitable for firms operating in that jurisdiction.
Document Management
Matter/Project Directory
TimeSolv allows you to save documents at the matter or project level, providing a centralized location for all related files. This ensures that team members can easily access the documents they need for each specific case or project.
Document Automation
The software enables you to create custom documents using client and matter information stored in TimeSolv. This feature automates the document creation process, saving time and reducing the risk of errors.
Unlimited Hierarchy
You can create an unlimited number of folders and subfolders for each matter or project. This feature helps in keeping your documents organized and easily accessible.
Custom Tags
TimeSolv allows you to create custom tags for your documents. These tags enable you to quickly find similar files across different clients and matters or projects, streamlining the document retrieval process.
Quick View
The Quick View feature allows you to preview files before downloading them. This is particularly useful when you’re looking for a specific document among many and want to quickly check its contents.
Document Descriptions
You can add descriptions to your files, providing context for what each document contains. This helps team members understand the relevance of a document before they view or download it.
Multiple Versions
TimeSolv enables you to create and store multiple versions of a document. You can also add descriptions to each version, detailing the changes made. This is crucial for tracking document revisions and maintaining an accurate history.
Project Management
Set Milestones
TimeSolv allows you to set milestones within a project or matter. Once these milestones are reached, the software can automatically generate invoices. This feature helps in aligning billing with project progress and ensures timely invoicing.
Stay On Budget
The software provides real-time budget tracking against time entries. You have the option to authorize overtime or limit billable hours, giving you control over budget adherence.
Establish Fixed Fees
TimeSolv’s budgeting tools enable you to set fixed fees for projects or matters. You can also save a matter as a template, making it easier to establish budgets for similar future projects.
Keep Informed
The software provides a comprehensive view of task progress, billing, time tracking, and milestones. This centralized information hub allows you to stay updated on all aspects of a project or matter.
TimeSolv makes it easy to share the matter plan and budget with both clients and employees. This ensures that all stakeholders are on the same page regarding project expectations and financial commitments.
Conclusion
TimeSolv review: Why you should use it?
TimeSolv offers a robust and user-friendly platform for time tracking and billing, making it a go-to solution for professionals across various industries. With its 30-day free trial, you get ample time to explore its features and decide if it’s the right fit for your operations.
The software is praised for its ease of use, allowing you to quickly add or create new matters, bills, and clients. It also offers excellent customer support, ensuring that any issues you encounter are promptly addressed.
Pros and Cons
Pros:
- User-Friendly Interface: The software is easy to navigate, making it accessible even for those who aren’t tech-savvy.
- Excellent Customer Support: Users have highlighted the quality and responsiveness of TimeSolv’s customer support.
- Value for Money: The software offers good functionality at a reasonable price, providing a cost-effective solution for time tracking and billing.
Cons:
- Confusing Invoices: Some users find the invoicing feature to be confusing, both for themselves and their clients.
- Limited Online Reporting: The software has been criticized for its lack of comprehensive online reporting features.
FAQ