Hand holding a smartphone displaying a digital invoice on an accounting practice management software mobile app.

TIME & BILLING SOFTWARE FOR ACCOUNTANTS

Time and Billing

Q: Can I automate invoices or require payment upfront in Canopy?

Automating invoices and collecting payments in Canopy is easy. Set recurring payments, save payment methods to the client profile, and require deposits in an engagement. A great practice management system will help you eliminate AR so you can stop chasing payments. After all, you’re not a bank. You need to be profitable.

Q: What kind of reports can I run in Canopy?

Canopy has profitability reports, realization reports, utilization reports, WIP, and more—all prebuilt and ready to go.

Q: What features are included in the Quickbooks and Canopy integration?

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.

Q: How do I record a check when a client mails in their payment?

Check, cash, and alternative payments can be easily marked and recorded in Canopy as payment types accessible from the payment method menu.

Finally. A smart answer to “where did the time (and billing and payments) go?”

Average 4.6/5 from 1000+ reviews

QUICK 1-MINUTE INTRO TO CANOPY TIME & BILLING

Canopy’s AI simplifies time and billing by:

Automating payments
Surfacing billing insights that show you what’s overdue, what’s working, and where to improve
Triggering alerts when AR passes your approved ceiling

“Canopy absolutely sped up payments and saved us money. Our savings this year are going to be very, very large—and that alone will pay for Canopy itself.”

Shelly Lingor, CEO

Time is literally money.

Manage and track them both with Canopy.

Account for Your Firm's 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.

Manage and Track Time

When you budget and track time spent on specific projects, you can use that data to make better business decisions.

BILLING

Manage All Your Billing in One Place

Streamline the way you bill with customizations, helpful reports, reminders, and by leveraging our QBO integration.

Generate and send invoices effortlessly
Track every billable minute with precision
Easily manage your WIP

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A recurring invoice dashboard in an accounting practice management software showing monthly bookkeeping service setup.

Dashboard for accounting practice management software showing 630.60 hours worked and a list of client expenses.

TIME & EXPENSE MANAGEMENT

Account for Your Time and Expenses

Track any time or expenses related to your clients and connect those to invoices.

Record time entries
Manage expenses
Leverage built-in timers

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Eric B. / Founder and Managing Shareholder

“[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!”

INTEGRATED PAYMENTS

Get Paid Faster

You’ve done all the work, now it’s time to get paid. (Insert enthusiastic cheers here.)

Securely collect card payments and ACH bank transfers
Pass on credit card fees with surcharging
Leverage reports for reconciling

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Payment portal in an accounting practice management software showing an outstanding balance and saved credit cards.

Accounting practice management software displaying revenue growth charts and year-to-date billed revenue metrics.

REPORTING & ANALYSIS

Keep a Pulse on the Health of Your Firm

Utilize live data, easy-to-read visualizations, and the ability to save and share insights.

View time dashboards
Analyze capacity planning report
Manage WIP

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What are the main benefits and features of Canopy's Time & Billing tool?

Firms’ number one concern is likely profitability. Whether you bill hourly or not, you still need to know where all your time is going. Canopy provides visibility—with budgets and actuals—on tasks, and allows you to dive into how efficient each firm member is (or, gulp, isn’t). Track time however best suits you within the platform– timers, manual entry, on the task, on the subtask. Create custom service items that can be used in Engagements, but also set up user rates so everyone can bill appropriately. Save payment details to client profiles and require payment before work is ever done. Create recurring payment logic. Everything you need to get rid of accounts receivable. And, of course, access all of your (pre-built, by the way) favorite reports: profitability, realization, utilization, WIP, and more—all in Canopy.

“Canopy makes billing a set-it-and-forget-it situation. What used to take me 6 hours a month now takes 0.”

Whitney Kisner, Director of Operations at Papin CPA

“TaxBee’s tax return processing time has decreased from a 14-day turnaround time to near immediate completion, allowing the firm to double its capacity, now processing 600+ tax returns annually.”

TaxBee & Co. Case Study

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Frequently Asked Questions

Can’t find the answer you are looking for? Reach out to our support team.

Should I still track time if my accounting firm doesn’t bill hourly?

Even if you don’t bill hourly for accounting services, you should still track your time. Knowing where time goes = knowing what’s profitable. Track time your way in Canopy and make smarter decisions. Tracked time on tasks and subtasks can be used in our data analytics to help you see profitability by client and staff utilization. It can also help you see which of your service items are most profitable.

Can I automate invoices or require payment upfront in Canopy?

How can Canopy help me collect payments from my clients faster?

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.

What kind of reports can I run in Canopy?

What features are included in the Quickbooks and Canopy integration?

How can I manage work-in-progress?

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.