CPA Practice Advisor

NOV 2013

Today's Technology for Tomorrow's Firm.

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Reviews For Your Firm TIME & BILLING ImagineTime Practice Management 2013 OVERALL RATING 4.75 version of Intuit QuickBooks BEST FIRM FIT Small and mid-sized professional • Uses the familiar Microsoft practices who need a Windows or Ofce Ribbon interface hosted time and billing tool which • An optional Outlook add-in will integrates with Lacerte, UltraTax, sync data between ImagineTime ATX, ProSeries and QuickBooks. and a user's Microsof Outlook Calendar ImagineTime provides tools for managing calendars, appointments, • Calendar import can directly create time slips from appointdue dates, documents, vendors, and ments clients. • Supports firms with up to 50 concurrent users STRENGTHS • Includes integration with popu lar ta x pack ages (Lacer te, POTENTIAL LIMITATIONS UltraTax, and ATX and Intuit • The mobile integrations for ProSeries) as well as the desktop ImagineTime are only available Sage Timeslips 2014 Edition 2013 OVERALL RATING 4.75 able terms (e.g. bill, invoice, BEST FIRM FIT Small and mid-sized professional charge, etc.) allow users to make the application better match service firms who need a robust their individual needs. time and billing solution which integrates with numerous other • Syncs with Sage 50 (US version) and QuickBooks, and can create applications. Organizations who general journal entries for other want a product with a strong ecoapplications as needed. system of integrated products and services, as well as a network of • Optional cloud-based Timeslips eCenter allows users to enter third party consultants. time and expenses from anywhere using a web browser. STRENGTHS • Traditional, locally installed application which supports up to POTENTIAL LIMITATIONS 10 simultaneous users and many • Although Sage ofers a program for commercial hosting of the more timekeepers. application for third parties, the • Flex ible conf ig uration w ith Timeslips website does not curmacros/scripting and customiz- BillQuick 2013 OVERALL RATING 4.75 10 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/11190119 optional due date, workfow, document management, calendar/ scheduling, and CRM modules. Te company publishes its prices online at www.imaginetime.com/ SUMMARY & PRICING pricing.asp. A hosted version of the ImagineTime provides accounting application is also available starting professionals with a strong toolset at $25 per user, per month. for tracking time, billing clients, and www.ImagineTime.com managing professional services. Te application has good reporting capabilities, and supports custom reports as well. ImagineTime starts at $295 for a single user, plus $49 per year for support, and does not include the for PalmOS and BlackBerry, and do not support modern smartphone operating systems like iOS, Android and Windows Phone Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/11190077 rently list any authorized commercial hosts. • The powerful project management and reporting tools in this application may require training for users to properly confgure and implement in their frms. SUMMARY & PRICING Sage Timeslips is a powerful, customizable time and billing application which is designed for small to mid-sized f irms, and can be extended to support larger firms using a subscription-based webbased time and expense portal. Te product has over 100 build-in reports, as well as tools for creating and modifying custom reports. A wide range of training and consultant options are available for frms who would like to implement Timeslips, and data can be synchronized with a number of law firm applications and accounting products. Sage Timeslips is available for computers running Microsoft Windows, and pricing starts at $499.99 for a single user. Network installations can support up to 10 simultaneous users. www.SageTimeslips.com Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/11190097 • Confgurations are available to BEST FIRM FIT meet the needs of professionals Te Enterprise edition of BillQuick is best suited for small to mid-sized in a wide range of industries, including Architecture/Engiprofessional service businesses of fve or more who need to budget, n e e r i n g , I T C o n s u l t i n g , track, and bill third parties for time Accounting/Bookkeeping, and Legal Services. spent on projects. • A BillQuick Mobile application is available for iOS and Android STRENGTHS devices. • Integrates with popular small business accounting systems, including QuickBooks, Sage 50 POTENTIAL LIMITATIONS (US Edition), and MYOB (Aus- • User training and some assis tralia). Custom integrations to tance with initial confguration may be needed to ta ke f u l l ot her appl icat ions a re a lso advantage of this fexible, fullavailable. November 2013 • www.CPAPracticeAdvisor.com featured application. • Tere is not a built-in calendar application, but the optional Outlook add-in allows users to create time entries from Outlook calendar items. Tis product is probably best for firms of five or more who need sophisticated job tracking and reporting, as the fexibility of the application may be too much for some small frms. BillQuick 2013 is available in a SUMMARY & PRICING number of editions, is priced BillQuick is a powerful, mature starting at $595. Te product is also time and billing solution which is available in a SaaS model for a designed to meet the needs of monthly per timekeeper charge. businesses in a wide range of prowww.BillQuick.com fessional service businesses. The solution is based on a platform which can support thousands of timekeepers, clients, and projects.

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