Time is a core unit of a consulting firm. Every billable hour logged or missed has a direct impact on revenue, project margins, and the accuracy of your invoices. Building good time tracking practices as part of the business foundation gives firm leaders visibility over project health, helps identify scope creep before it becomes a problem, and provides the data needed to resource and forecast with confidence. These guides cover timesheet best practices, building consistent time logging habits across your team, and how to turn billable (and non-billable) hour data into better decisions across your whole firm.
A DCAA auditor doesn't call ahead. Here's what happens when they show up.
In the early stages of your consulting firm’s practice, tracking billable hours with spreadsheets was good enough. Your focus was on delivering high-quality work, and your relationship with your clients operated on implicit trust.
As a consulting firm owner, your “rockstar” consultant – the one who handles the most complex projects and requires the least amount of oversight – is actually your biggest flight risk. And not because they are in such high demand; but because they are so good at what they do, they are “first call” on projects, and that can lead to burnout if their billable hours are not planned and managed carefully.
Receiving a phone call from a client about an invoice is one of the more dreaded moments in consulting. You are not only being put on the defensive about work you performed on their behalf, you have to answer questions while trying to recall a specific meeting that occurred weeks ago, or the details of a complex revision that added time to the project scope. Worst of all, your relationship with the client started deteriorating the moment they saw the invoice. So, in addition to justifying your billable hours, you have to make up for the “trust gap” and rebuild your relationship.
Learn how modern time tracking software like Projectworks helps consultants capture every billable minute, increasing your firm’s revenue and profitability.
Learn how rounding down hours on your timesheets leads to lost revenue and why switching to dedicated time tracking software is the solution.
Do you run a software services consultancy? Maybe you’re a delivery lead and struggling to track your employees' time accurately? If so, you probably know the pain of chasing timesheets, patching data together across tools, or realizing - too late - that your project burn has outpaced your budget.
When it comes to time tracking, no-one needs another “where to click” tutorial. The real challenge is creating a daily habit that gives you clean, connected data – so you staff smarter, bill faster, and catch risk early. Here’s a practical approach to consulting time tracking used by high-performing firms, with examples of how teams run it in Projectworks.
.avif)
Modern professional service businesses often need to manage a hybrid workforce. Whether your consultants are delivering on-site, working remotely, or attending client meetings, professional time tracking software makes billing hours and attributing time to clients precise and easy.
Your inventory is your time. If you aren't tracking it with precision, you aren't just losing minutes, you’re losing margin. While "time is money" is a cliché, for a growing professional services firm, it is the difference between a profitable quarter and a massive write-off.
%20(2).avif)
Ready to boost your billable hours? Here’s how top consultants use time tracking software make every hour count.
Did you know 22.3% of global time entries are submitted after the week they’re due? Discover an easy way to avoid this problem at your firm with targeted time tracking software.
A DCAA auditor doesn't call ahead. Here's what happens when they show up.
In the early stages of your consulting firm’s practice, tracking billable hours with spreadsheets was good enough. Your focus was on delivering high-quality work, and your relationship with your clients operated on implicit trust.
As a consulting firm owner, your “rockstar” consultant – the one who handles the most complex projects and requires the least amount of oversight – is actually your biggest flight risk. And not because they are in such high demand; but because they are so good at what they do, they are “first call” on projects, and that can lead to burnout if their billable hours are not planned and managed carefully.