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Timeslips by Sage is a local-install time and billing application developed for professional-service providers. An additional web application subscription is available for online time tracking and expense slip entry; data entered via the web must be synchronized with the local application.  The central emphasis is case management, so it can be adapted for providers with engagements, but may not be a perfect fit.  Typically, firms using Timeslips have 3-7 users.

For a first impression, Timeslips has an easy-to-understand interface with a customizable layout, and widget-filled dashboard that can be set uniquely by each user.  Only four things are needed to make a new time slip - the person, client, task, and amount of time.  The Billing Assistant takes the hardship out of billing with its workflow.  Firms requiring time write-down may not find Timeslips methods compatible with their current process, but for those with fixed-fee or flat-fee billing, this may not be an issue.

Client arrangements for billing and payment application can be set.  Payments can apply first to interest, costs, or fees.  Escrow and deposit accounts can be managed, which include notification and request generation for replenishment when accounts drop below specified threshold values.

Firm management can be augmented through cost and productivity tracking.  Employees can have a set expectations for minimum hours worked, with daily or weekly reporting. Additionally, the hourly overhead cost of each employee can be captured for management review.  There are more than 150 predefined reports, and reports and invoices are editable by field at generation, or through the report template designer.  Firms with technical expertise can also write scripts for the application to define workflow or reporting.

Two-way integration is available for Peachtree and Quickbooks.  Depending on the user setup and the general ledger, it is possible to transfer invoices and other accounts receivable data.  Checks entered into either system can be brought into Timeslips; automatic matching of the customer and clients occurs during the transfer.  Additionally, Outlook integration allows users to create and send email, with time entries generated for each message.  One-way integration is supported for attorney applications, practice management applications, and other accounting packages.

Advantages:
- Extensive integration for accounting packages, Outlook, and practice management.
- Capture and bill for time spent writing email.
- Manage deposit and escrow accounts.
- Custom script development is available for timeslip macros.


Final Assessment:
Best for smaller accounting firms with services of a legal orientation.

Last modified on Sunday, 02 June 2013
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