Manage & track them both with Canopy.
Account for your Efforts
Accounting for your time is just as important as accounting for your clients’ money. Record, designate, and analyze the time your staff spends on each client.
Get Paid Faster
Make it easier on your clients and yourself by invoicing and processing payments in Canopy. Got past due invoices? Use automated invoice reminders.
Efficiently Manage Time
Time is money. Budget and track time spent on specific projects and use that data to make better business decisions.
We don’t expect the same invoice format to work for everyone. So Canopy allows you to add your logo and configures them however works best for you—like rolling up multiple line items into a single line item, showing line items separately or grouped by service items, and showing or hiding specific columns.
Pricing should have the flexibility to price the way you want. Price by time, price by service, price by employee. And use multiple rates!
It’s your firm and your clients, so invoice accordingly. Canopy lets you send out one-time invoices as needed, as well as regularly recurring or even scheduled-for-the-future invoices. Because invoicing isn’t one-size-(or interval)-fits-all.
Canopy and Quickbooks Online are like peanut butter and jelly (or chocolate, if that’s your thing). Build your service items, locations, categories, and classes in QuickBooks Online, and use those same fields in Canopy any time you create an invoice. No more uncategorization and no more jumping back and forth.
Clients will never have to ask, “where’s that invoice?” again. That’s because the invoices you create in Canopy can always be easily accessed by clients via our customizable, web—and mobile-friendly—Client Portal. (Our Product team wants us to tell you it’s also highly rated. So there. Are you happy now, Mitchell?)
Unbilled work. Employee rate totals. Fixed service rate totals by client. Canopy’s WIP summary lets you see it all and flow it directly to invoicing. And, what’s more, you can use it all for your firm’s benefit to see your revenue potential.
It’s time to celebrate—the days of having to manually remind your clients to pay an unpaid invoice are over! With automated invoice reminders, send a friendly email reminder a number of days before, on, or on a specified number of days after an invoice due date.
We get it: the clock never stops ticking for accountants. That’s why Canopy has built-in timers that make it easy to track time by client and project. We hate double entry as much as you do, so we make sure it all connects easily to the Clients and Workflow that you already have in Canopy. And, because everyone’s human, we make sure you can easily add time manually too, if and when you forget to start the timer.
So many kinds of time. Time saved to a client. Billable. Non-billable. Billed time with a link to an invoice. Archived time. Your time. Your clients’ time. Hammer time. Fortunately, Canopy can help you see it all (OK, maybe not Hammer time) clearly and easily.
Already using Canopy Workflow? Well, then it’s easy to track time—whether it’s at a task or a subtask level—and flow it through to our Time & Billing accounting software.
Accountants account for time just as much as (or more than) they do money, which is why Canopy makes sure you can create time budgets for tasks and subtasks, and that our Workflow and Time & Billing work together seamlessly.
“[Canopy offers a] more streamlined payment collection process and better task/project management. We have saved hours upon hours of time with our team, our office manager alone has reduced the number of hours required to handle client payments by about 4-5 hours per month!”
/ Founder and Managing Shareholder
Reports are a means to one end: data points that help you grow a profitable and productive firm.
Wanna see YTD revenue, total revenue past due, total revenue outstanding, outstanding invoices and their status, and recurring invoices? You’ll find it all in not one, but two places in Canopy’s dashboard: 1) aggregated for all clients in our billing report section, and 2) in each individual client record’s billing tab.
You can access this data in two places: first, aggregated for all clients in the billing report area of Canopy; and second, for each individual client in their client record’s billing tab.
Is your firm’s billing a well-oiled machine or could it use a little tune-up? Find out with reports like Aged Receivables Summary and Detail, Revenue (by Client, Service Item, or Team Member), Billing Utilization by Team Member, Profitability by Client and Task, and Staff Productivity.
Your firm’s product is each accountant’s time. Make sure you know how it’s being spent and allocated with help from reports like Hours Tracked by Client, Service Item, or Team Member, and Time Utilization by Team Member.
Can’t find the answer you are looking for? Reach out to our support team.
Unlike some software, Canopy doesn't only sync contacts from Quickbooks. No other competitor offers the ability to sync contacts, service items, invoice to Quickbooks Online. Our complete integration makes the bank reconciliation process the simplest on the market when working with Quickbooks Online. Learn more here.
Canopy’s Time & Billing module allows you to track time on each client interaction and apply that time to create one-time or recurring invoices. These invoices can be shared directly to your clients in the client portal. Canopy also offers a Payments option where you can not only track time, create invoices, but also collect and process payments within Canopy. These payments can be sent directly to their client portal and you can manage them within Canopy. Additionally, take out the manual follow-up process with your clients by implementing automatic invoice reminders. All of these items and more can help you collect payments from your clients faster.
The WIP report within the Time & Billing module will allow you to see all outstanding billable time that you need to make a billing decision on. Time will be grouped by contact and there are a multitude of filter options to narrow things down. We are also providing a calculation on the chargeable rate for the time logged for each contact. There are two invoicing options you can take with time entries. The first is to add time entries as visible line items on invoices and they will drive the amount of the invoice. The second option is to instead just link time to an invoice. In this case the time won’t have any impact on the amount of the invoice, but will be used in other reports, such as profitability.
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