Time Tracking for Consulting Firms

Run your consulting firm.
Track time, rates,
and approvals.

TrackingTime gives consultants a structured, auditable record of time by client, engagement, and seniority. Your team records time with the required billing context already attached. Approval workflows, structured reporting, and invoice-ready data are ready before month-end, without chasing entries.

On average, 34% of billable capacity at consulting firms goes unused

10.7% of project hours run over budget on the average engagement

50% of finance teams take more than 5 days to close the books each month

THE PROBLEM

The gap between delivery and invoice.

12 billable hours on a client engagement can become eight on the invoice. The work was done. The time data lacked the structure, context, and approvals that billing requires.

Hours that don't reach the invoice.

Consulting firms bill by the hour. Every entry needs to be attributed to the right client, matter, and person. Time logged from memory at the end of the week is incomplete.
Hours that were worked don't reach the invoice.

Entries that can't be used for billing.

An entry without client name, engagement phase, or service type can't be invoiced as-is. Clients dispute hours that can't be explained. Invoicing stalls waiting for corrections that should have been made at the source.

Unnecessary month-end reconciliation.

Approvals handled over email leave no audit trail. Two days before month-end, someone is still matching incomplete entries to engagements before the billing cycle can close.
The invoice goes out late.

what consulting firms need to track

Billable time structured for consulting.

Consulting firms need more than hours worked. They need time data that’s structured, attributable, and ready for billing without reconciliation.

Client and engagement hierarchy.

In consulting, time belongs to a client, an engagement, and a phase. Structuring time the same way eliminates attribution work at the end of every billing cycle.

Billing rates by role and service.

Different people bill at different rates within the same engagement. TrackingTime applies the right rate automatically by seniority, engagement, or service type. No manual calculations at invoice time.

Required billing fields.

Entries missing client, engagement, or description can’t be invoiced without follow-up. Required fields enforce the right context at the moment of entry, before the data reaches billing.

Historical billing accuracy.

Rates change over time. Work tracked in previous periods stays tied to the rate that was active then. Past invoices remain accurate as the team grows and rates are updated.

Approval workflows before invoicing.

Time entries can be reviewed, approved, rejected, and locked before billing closes. Approved entries can’t be edited retroactively. The review cycle has a complete record of every action.

Full audit trail.

Every approval, rejection, and edit is recorded automatically. The firm has a complete, timestamped record of billing activity for compliance, internal review, and client accountability.

APPROVAL WORKFLOWS

Structured approvals before every invoice.

Review and approve entries before invoicing

See all submitted time entries by consultant and period. Approve individually or in bulk before the billing cycle closes.

Reject entries with comments

Send entries back to the consultant with a note explaining what needs correction. Every rejection is recorded in the audit trail.

Lock approved records permanently

Once approved, entries are locked. No retroactive edits, no discrepancies between what was reviewed and what gets invoiced.

Time reporting built for consulting firms.

TrackingTime structures your time data from the moment it’s recorded. Billing, utilization, approvals, and client reporting all work from the same dataset. Each part of your firm accesses the level of detail relevant to their work.

Billing-ready timesheets

Filter your time entries by client, engagement, billing status, consultant, or reporting period. Billable hours are grouped by engagement and service type, so invoice preparation starts from structured, sorted data. You close the billing cycle faster because reconciliation is already done at the source.

Client-ready reporting

Give clients a shared report showing their hours by engagement phase, consultant, or deliverable category. No login required, no workspace access needed. Billing disputes decrease when clients can see their data before the invoice arrives. You control how much detail each client can see.

Utilization across the firm

See billable utilization, internal work, business development time, and delivery capacity across your team by seniority level.
Spot capacity gaps and workload distribution issues before they affect delivery or profitability.

Controlled workflows

Review, approve, and export reporting data before billing closes. Every exported report reflects approved, audit-ready time entries. The review cycle runs inside TrackingTime, so you don’t need a separate process for sign-off or manual assembly before reports go out.

Give everyone who needs time data access to the same source. Billing, utilization, and client-facing reports all reflect the same approved dataset.

BEFORE AND AFTER

From scattered hours to billing-ready records.

See how consulting firms move from retroactive time tracking and email approvals to structured billing workflows with clean, reportable data before billing closes.

Before TrackingTime

  • Weekly reminder emails go out asking the team to submit missing time entries.
  • Consultants reconstruct hours from memory days later, often without the billing detail needed for invoicing.
  • Someone manually reconciles spreadsheets, engagement codes, and notes before month-end closes.
  • Exported reports go through email for review and corrections come back manually.
  • Invoices go out late, followed by client questions about unclear or unsupported entries.

After TrackingTime

  • Consultants log time with required client, engagement, and description fields already attached.
  • Approval workflows route entries to the right reviewer before billing closes.
  • Approved, structured time records are exported directly from the reporting layer.
  • Billing reviews happen on audit-ready data instead of reconciled spreadsheets.
  • Clients see their hours before the invoice arrives, reducing disputes and delays.

CONSULTING OPERATIONS

Full control over billing rates and approvals.

TrackingTime gives your firm the billing structure, approval workflows, and utilization reporting needed to run every engagement accurately. Your team records time with billing context already attached. You get real-time visibility into delivery, approvals, and engagement performance.

Multi-level billing rates.

Apply billing rates by seniority, engagement, or service type. Every entry resolves to the right rate automatically. Teams can work on the same engagement with independent billing structures, without spreadsheets or calculations.

Approval workflows with audit trails.

Review, approve, reject, and lock time entries before invoicing.

Every approval action is recorded automatically, creating a complete audit trail that keeps billing data consistent before the billing cycle closes.

Plans that scale with operations.

Most firms start with Pro for billing rates, invoicing, and structured reporting. As approvals, audit controls, and client-facing visibility become part of daily operations, Pro Plus adds the controls needed for larger teams and complex engagements.

who is it for

Discover how teams across different fields use TrackingTime.

The fastest-growing agencies and consultancies know their unit economics cold. Time tracking is how they validate that growth is actually profitable — not just busy.

FAQS

Straight answers to what consulting firms need to know.

Adoption, billing rates, approvals, and reporting.

The biggest failure in time tracking implementations is adding friction to a workflow that’s already busy. TrackingTime gives consultants multiple entry points — a timer in the browser, a mobile app, calendar integration for logging time blocks, and AutoTrack to suggest entries based on what was open on screen. The team doesn’t need to adopt a new daily habit. They can log time the way that fits how they already work, and TrackingTime’s required fields ensure billing context gets captured at the source without a separate follow-up step.

Time tracking for consulting firms

Build a billing process
you can rely on.

No manual reconciliation. No billing gaps.
No hours lost before the invoice.

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