CPA_Practice_Advisor_March_2020 - 12

REVIEW: TIME & BILLING SYSTEMS
ImagineTime Time & Billing
ImagineTime is a complete practice management application that includes excellent time and
expense management capability.
STRENGTHS:
* Excellent integration with
Along with the time and billing
popular tax software
feature, ImagineTime also offers
* Good reporting options
a client portal, due date tracking,
* Unlimited timers available
POTENTIAL LIMITATIONS
reporting and analytics, and solid
* Product setup can be
integration capability. Best suited
time-consuming
for mid-sized professional service
firms including accounting firms, ImagineTime is
available as an on-premise application as well as on
the cloud.
ImagineTime uses ribbon-style navigation
throughout the application, with the application
easily customized for each user role. Users can enter

www.imaginetime.com
time in two separate ways: by using the after-the-fact
entry option where you can enter time spent on a
particular task immediately after completing the task,
and by using one or more of the unlimited timers
that are available. Users can record both billable and
non-billable time, with tabs available for both. Afterthe-fact time entry is usually used in a firm where
an employee enters time for multiple staff members,
whereas the timer option can be used to record time
as a task is being completed. Users can easily pause
a timer and delete any recorded timers if desired.
All time recorded by the timers will be added to the
timer sheet, with users able to generate a bill based
on timer entries.
ImagineTime is well suited for professional ser-

TPS Software Time & Billing
TPS combines practice management and time and
billing capability in an easy-to-use application
that is designed for accounting
STRENGTHS:
* All plans are affordably priced professionals. TPS is best suited
* Offers numerous instructional
for small to mid-sized firms that
videos throughout the
are currently in the market for an
application
* Offers both on-premise and
all-in-one application that also
cloud access versions
includes excellent project managePOTENTIAL LIMITATIONS
ment capability. The company has
* Integration is limited to
products designed for both the U.S.
QuickBooks and TaxCycle
* No searchable
and Canadian markets this review
knowledgebase
focuses on the U.S. product.
* Support must be purchased
TPS offers excellent flexibility,
separately
with both on-premise and cloud

www.tpssoftware.com
deployment options available. Currently, Cloud Axis
offers four plans, including a free plan that's ideal for
a one-person office. A mobile app is also available that
easily supports remote time entry.
TPS Cloud Axis includes WIP, A/R, Invoicing, and
A/R Statements, including built-in invoice templates
and email functionality, allowing users to easily create
and email invoicing directly from the application. The
application offers an intuitive user interface, with a
toolbar to the left of the screen offering quick access
to system features. One of the best features for new
users is the ability to access short instructional videos
throughout the entire setup process.
The on-premise edition of TPS is currently avail-

TSheets by QuickBooks
TSheets is a time tracking application well suited
for small to mid-sized businesses of any type. Purchased by Intuit in 2018, TSheets
STRENGTHS:
* Offers excellent timekeeping has added several new features,
for businesses with remote
including the ability to add a
employees
company logo, a custom mapping
* Product is easy to use
* Offers improved integration
feature that allows users to assign
with QuickBooks applications custom field items to specific
* Who's Working real-time GPS
employees, and the ability to auto
tracking feature
sync TSheets and QuickBooks
POTENTIAL LIMITATIONS
* Offers limited invoicing
Online.
capability
TSheets is completely web* Project tracking only available
based,
and it offers the ability to
in more expensive plan
be used from any type of device,
including desktop and laptop computers, smart
phones and tablets.

MARCH 2020 ■

www.tsheets.com
TSheets offers a long list of timekeeping features,
including the ability to track time on any type of
device, job and shift scheduling capability, and
improved integration with QuickBooks products.
One of the best features is the Who's Working feature,
which tracks employee locations throughout the day
using GPS data to track movement on an interactive
map.
TSheets offers a variety of ways to enter time,
including an online timecard option which can be
accessed from any location with the mobile app. A
timeclock kiosk is offered for businesses that wish
to track employee time from a single location, with
other timeclock options such as facial recognition, a
quick clock-in option, and an online punch time clock
that can be accessed from any device.

www.CPAPracticeAdvisor.com

2020 OVERALL RATING
Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21128248

vices firms of any size. ImagineTime's Time & Billing
module is currently $25 per user, per month. Other
modules available include a Client Portal for $25 per
user, per month, a Due Date/Workflow Management
module for $25 per user, per month, or the option to
purchase the complete Practice Management Suite
which includes all client portal, time & billing, and
due date management features, for $70 per user, per
month. Those interested in ImagineTime can request
a product demo directly from the vendor.

2020 OVERALL RATING

4.75

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21128258

able for $460 per year for the first seat license, with
subsequent licenses running $210. For those who
prefer online access, TPS Cloud Axis offers four plans:
Startup, which is free; Entrepreneur, which is $10 per
month per user; Pro, which is $15 per month per user;
and the comprehensive Ultimate, which is $20 per
month per user. All paid plans include unlimited
licenses.

2020 OVERALL RATING

4.5

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21128265

TSheets offers two plans, Premium and Elite. The
Premium plan is $8 per user, per month, with at $20
base fee assessed monthly, while the new Elite plan
is $10 per user, per month, with a $40 base price. Both
plans offer time tracking from any device, QuickBooks
integration, a mobile app with GPS, and alerts and
notices, while project tracking, project estimates,
and timesheet signatures are only available in the
Elite plan. Both plans offer a free, 14-day trial with
no credit card needed.

http://www.imaginetime.com http://www.CPAPracticeAdvisor.com/21128248 http://www.tpssoftware.com http://www.CPAPracticeAdvisor.com/21128258 http://www.tsheets.com http://www.CPAPracticeAdvisor.com/21128265 http://www.CPAPracticeAdvisor.com

CPA_Practice_Advisor_March_2020

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