Time & Billing

Finally. An answer to "where did the time (& billing & payments) go?"

Time & Billing Dashboard

Time Tracking

This isn't a Christopher Nolan movie. You CAN have a handle on time.

  • BUILT-IN TIMERS

    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 Clients and Workflow 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.

  • TIME ENTRIES

    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.

  • TIME SPENT ON TASK & SUBTASK

    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.

  • TIME BUDGETS ON TASKS & SUBTASKS

    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 solutions work together seamlessly.

Invoicing

Invoice all in one place—no system-switching and no double entry necessary.

  • WORK IN PROGRESS (WIP)

    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.

  • ONE-TIME, RECURRING, & SCHEDULED INVOICES

    It’s your firm, 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.

  • CONFIGURABLE INVOICES

    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.

  • QUICKBOOKS ONLINE (QBO) INTEGRATION

    Canopy and Quickbooks Online are like peanut butter and jelly (or chocolate, if that’s your thing). Canopy can integrate with Quickbooks Online income accounts, matching them with whatever service items and invoices you’ve set up in Canopy.

  • QBO PAYMENTS & DEPOSITS

    Canopy’s robust integration with Quickbooks Online also syncs payments and deposits. Whether payments and deposit information initially reside in Quickbooks Online or Canopy payments, the information syncs with the other system, eliminating the need to double enter information into two systems (can we get a “huzzah”?).

  • SHARE INVOICES WITH CLIENTS

    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?)

Reporting

Reports are a means to one end: data points that help you grow a profitable and productive firm.

  • DASHBOARD

    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.

  • BILLING REPORTS

    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.

  • TIME REPORTS

    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.

  • INVOICES, PAYMENTS, CREDITS, & STATEMENTS

    Access all 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.

    • Invoices: See a list of all invoices, recurring, and archived.
    • Payments: See a list of all payments made.
    • Credits: See a list of all and deleted credits.
    • Statement: Create statements for any client from invoices that have been generated.

  • CLIENT & TASK PROFITABILITY

    How is your firm performing? This report makes it easy to see if you're making or losing money—by client, by task, by project. It also allows you to see if there are any gaps between billable hours and what's actually been invoiced. (NOTE: To achieve full report functionality, the Canopy Workflow module is required.)

  • STAFF PRODUCTIVITY

    How productive is each member of your staff? This report shows you—overall, but also broken down by client or individual tasks and projects. It’s quicker, just as effective, and less creepy than just looming over your staff’s shoulders all day. The report also shows the variation between staff members and how many billable hours are currently sitting in WIP. (NOTE: To achieve full functionality, the Canopy Workflow module is required.)

Payments

You can't have a Time & Billing solution without payments. Canopy's got you covered there too. And you can read more about it by clicking here.

See how we can 
help your practice.

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