Timekeeping and Invoicing Software Maximizes Revenue
(1888PressRelease) April 20, 2009 - Moraga, California—Small businesses and professional organizations are facing a troubled economy, and increasingly need new ways to maximize revenues. BillingTracker, a product of Fifth Walk, LLC, offers a solution to economic woes with a complete set of tools for time tracking and invoicing.
Attorneys, accountants, consultants and other professionals who bill by the hour can achieve revenue growth by raising their hourly fee, but during a recession, that is not always possible and may cause some clients to go elsewhere. Similarly, they can achieve revenue growth by staying later at the office and generating more billable hours, but there is a limit there as well. According to BillingTracker founder Jeremy Gerber, there is a third option. "Any professional can increase revenues simply with better time tracking. Professional offices lose thousands of dollars every week by not billing out every minute of time dedicated to each client."
It is very common, for example, for a professional to switch back and forth between multiple projects throughout the course of a single business day. "Everyone faces this dilemma—you try to work on a single project for an afternoon, but other clients call with problems and questions. Other staff members come in with paperwork. While spending the afternoon working on a project for that one big client, you may actually be attending to three other clients at the same time." BillingTracker's desktop feature set provides an easy way to accommodate that constant back-and-forth.
BillingTracker's built-in timer places an easy point-and-click tool right on the desktop that lets the professional rapidly switch between different clients and projects with the click of a mouse. Users start tracking time the moment they sit down at the computer, but can easily record those small amounts of time that are otherwise often lost. When another client calls for a short conversation, another click of the mouse will switch the counter, and track time for that second client.
"When you're a busy professional billing by the hour, every minute counts," added Gerber. "Many of our users have seen a noticeable increase in receivables after deploying BillingTracker." And in addition to increasing billable time, BillingTracker will also save time on the back end by automatically calculating receivables and generating invoices. The time tracking software allows users to establish a changeable hourly rate for each time entry, and can track an unlimited number of clients. If a professional has clients in multiple countries, the software can even manage multiple currencies.
BillingTracker is available in both single-user and multi-user versions.
About BillingTracker
BillingTracker, (http://www.BillingTracker.com), is a part of Fifth Walk LLC, a privately-held corporation. BillingTracker, a complete invoicing and bookkeeping software package designed for industry professionals and small businesses, is used by professionals in all industries to keep track of time and expenses and to ensure that bills get sent out on time. The company, located in Moraga, California, has been shipping BillingTracker software since 2003.
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