Budgeting. Budgeting on a client-by-client basis, particularly for larger clients, can give you a better sense of cash flow. Timeslips allows you to create client-specific budgets and easily duplicate those budgets if you’re planning on using the same basic scheme for multiple clients.
Passive time tracking. Timeslips can capture time automatically based on which applications and websites you are using. You can set up a number of rules for the passive tracking, including preventing tracking specific applications or windows or assigning categories based on the application or window you’re using. Passive time tracking can then be converted into time slips.
Desktop-based. You have to install Timeslips on your Windows computer. If you have multiple users, you’ll need a server to host it so you can all use the software together. This does mean you have complete control over the program’s uptime and security on your end but also limits your mobility of use.
Migration. Timeslips doesn’t support the importing of external data aside from correctly formatted Excel documents, which is a rather cumbersome process.
Security. Because you install the software on your own computer or server, you are responsible for the security of your data. At a minimum, you’d want to encrypt all the data on your hard drives so that, were they to be accessed, the attacker would only get gibberish.
Automated Notifications. With Timeslips, firms can automate accounts receivable. They can send automatic notifications to slow paying-clients and stay on top of all the firm’s accounting.
Sync Tools. Timeslips allows law firms to sync their finances with accounting apps such as Sage 50 Accounting and QuickBooks.
Online Tracking. Timeslips offers an online time and expense tracking portal called “Sage Timeslips eCenter.” This links directly to the Timeslips desktop app.