For consulting firms, time isn’t just money—it’s quite simply the business model.
Billable hours fuel revenue, and without a streamlined approach to time tracking, consulting teams risk revenue leakage, inefficient resource allocation, and strained client relationships.
Effective time tracking goes beyond productivity and accountability. It provides much-needed visibility into project profitability, team efficiency, and overall performance. When you think about finding the best time-tracking software for your consulting needs, you need to look for a tool that makes tracking time feel like a natural part of the job—not an extra chore.
In this article, we’ll explore the essentials of time tracking for consulting, common challenges, and a round-up of the seven best time tracking software for consultants.
We’ll cover:
Let’s get right to it.
Unlike internal teams, consulting firms juggle multiple clients, varied billing models, and shifting priorities. Nearly 69% of people don’t track their time down to the minute or hour. To make things worse, consultants face unique challenges like:
Consultants constantly switch between projects, clients, and tasks. This constant context-switching makes it easy to forget or miscalculate time spent on specific work. Consultants may forget to log hours in real time, leading to retrospective adjustments that are often inaccurate. These errors compound over time, making it difficult to track project profitability and resource utilization effectively.
Additionally, manual tracking—whether through spreadsheets or basic project management tools—only worsens the problem, introducing errors, inefficiencies, and the need for frequent corrections.
Without an automated, structured system, firms struggle to capture accurate work hours, impacting both profitability and client trust.
Most consulting firms don’t operate on a flat hourly rate. Different clients have different billing structures—some are fixed-fee, others bill hourly, and some have milestone-based payments. Without a system to track time against these constraints, consulting firms struggle with invoicing accuracy, budget overruns, and disputes over billed hours.
When teams operate on disconnected systems—some using G-Suite, others on Microsoft, and some relying on standalone tools—time tracking becomes a frustrating, error-prone process. Consultants are forced to manually transfer data between platforms, leading to lost hours, duplicate entries, and reporting delays. Without seamless integration, firms lack real-time visibility into project progress, struggle with inconsistent billing, and waste valuable time on administrative work instead of delivering value to clients.
Clients want visibility into how time is being spent—especially when billed by the hour. Without detailed reporting, consulting firms struggle to justify invoices or demonstrate the value delivered. Transparent, automated time tracking improves trust, reduces billing disputes, and provides clients with clear insights into project progress.
Not all hours are billable, but that doesn’t mean they don’t matter. Internal meetings, proposal development, and administrative work still consume time. Without proper tracking, firms may underestimate operational costs or overburden consultants with non-revenue-generating tasks that ultimately affect profitability.
Basic time-tracking tools log hours, but the right solution ensures accurate data, prevents revenue leakage, and eliminates inefficiencies caused by fragmented systems and poor integration.
Here’s what to look for in a time-tracking tool that works for consulting firms:
Consultants should have multiple ways to track time—manually, with live timers, or through automation, such as auto-populating time entries and detecting tasks. Consultants should be able to run live timers or log hours after the fact (e.g. via daily/weekly timesheets) to ensure no billable work is missed. Lastly, a time-tracking tool should integrate with Google Calendar and Microsoft Outlook to eliminate manual data entry
A good time-tracking tool should allow time to be categorized by client/project to highlight which clients are profitable and which ones consume resources without enough return.
Reports should provide a clear view of budgets, workload trends, and billable vs. non-billable hours. Executive summaries help consultants share insights with clients without spending time formatting reports.
A time-tracking tool for a consulting firm should distinguish between billable and non-billable hours, making it easy for consultants to track client work separately from internal or administrative tasks. It should enable budget tracking at the project level—whether in hours or monetary value—to prevent overruns by showing real-time consumption against allocated budgets.
Consultants should be able to log hours anywhere—on-site, during calls, or while traveling. Features like location-based tracking and calendar synchronization help capture billable time accurately. A robust system should also support offline logging and cross-device syncing (web, desktop, and mobile) to ensure time is captured anywhere, even without an internet connection.
Time tracking should allow consultants to track hours at the task level. This means breaking down time spent on research, development, meetings, and other deliverables to analyze effort distribution and demonstrate value to clients.
For larger consulting teams, resource workload management ensures balanced allocation by showing each consultant’s logged hours across projects. This way, managers can monitor utilization rates, preventing overwork or under-allocation.
An efficient time-tracking tool should include a structured review and approval process to ensure accuracy and accountability. Consultants should be able to submit weekly timesheets for manager review, reducing discrepancies and ensuring all billable work is properly accounted for before invoicing.
Lastly, an audit trail for edits should track any modifications, recording who made changes and when—providing transparency, compliance, and a reliable record for client billing and internal reporting.
Rocketlane is a Professional Services Automation (PSA) tool designed to help consulting firms handle multiple projects and complex engagements. Unlike standalone time trackers, Rocketlane integrates time tracking directly into project workflows, ensuring billable hours are accurately logged while managing tasks, dependencies, and client milestones—all in one comprehensive project management platform.
Its key features include:
Rocketlane's reporting goes beyond basic timesheets, offering:
Rocketlane’s pricing starts at $19/user/month (annual).
Consulting firms who need a structured, client-facing approach to managing projects, tracking billable hours, analyzing time spent, and invoicing efficiently—all in one platform.
Try Rocketlane today to experience the benefits of an integrated time tracking solution designed for consultants.
Harvest is a time-tracking tool that offers a user-friendly experience, strong support, invoicing capabilities, and robust time tracking.
Paid plans start at $11/user/month
Individual consultants or teams who already use project management tools and need to add time tracking with invoicing features but do not require an all-in-one project management solution.
Paymo is a time-tracking and invoicing tool for freelancers, consultants, and small teams. It offers advanced automated time tracking that logs desktop activities. It streamlines the billing process with its integrated invoicing system.
Starts at $9.95/user/month
Freelancers or solo consultants, and small teams looking for an affordable time-tracking and invoicing solution with basic task management features.
Clockify is a time-tracking tool that offers precise GPS-based tracking, making it a strong choice for consultants who frequently visit client sites. It gives consultants an easy way to log work hours, manage billable time, and generate invoices. It offers real-time tracking, manual entry via timesheets, and powerful reporting features to streamline time management and client billing.
Clockify offers a generous free plan. Paid plans start at $5.49/month (annual).
Independent consultants and small consulting teams looking for a simple yet effective time-tracking and invoicing solution that works without high investment.
TimeCamp is a time-tracking solution designed for consultants who need automated time tracking and seamless billing. It features automatic time tracking through its Computer Time feature, which logs hours spent on various applications and websites. This approach helps consultants log hours effortlessly and track profitability.
Besides the free plan, basic paid plans start at $1.49/user/month billed annually.
Independent consultants and small consulting teams looking to add on time-tracking and built-in invoicing to simplify client billing and profitability tracking.
Toggl Track is a no-frills time-tracking tool designed for freelance consultants who prioritize ease of use over advanced project management features. Its free version makes it particularly attractive to independent workers who don’t need complex automation or AI-driven insights.
Toggl Track offers a basic free plan; paid plans start at $9/user/month
Freelancers and independent consultants who want a straightforward, reliable time tracker without paying for unnecessary extras.
BigTime is a time-tracking and project management solution for professional services firms that need to manage billable hours, invoicing, and project workflows in one place. It offers robust reporting and budgeting features.
Starts at $20/user/month
Professional services teams that require detailed time tracking, invoicing, and financial reporting in one platform. Not ideal for freelancers or small teams who only need basic time tracking.
The best time tracker for consultants is one that includes multiple billing rates, project budgeting, automated timesheet approvals, robust reporting, and client portal access. Look for time-tracking tools that integrate with your existing project management and accounting systems or look for an all-in-one project management tool to create a seamless workflow across your entire consulting practice.
Consultant time management software improves profitability by accurately capturing all billable hours, preventing revenue leakage, and providing data-driven insights into project profitability. More advanced timesheet software for consultants identifies which clients and projects yield the highest returns, allowing for more strategic decisions about resource allocation.
Yes, the right time tracker for consultants improves client relationships by design – through increased transparency. It enables consultants to share detailed breakdowns of work, justify invoices with accurate time logs, and demonstrate the value the consulting services deliver, leading to fewer billing disputes and greater client trust.
Mobile capabilities ensure that consultants can log hours from anywhere. This way, consultants can accurately track their time even when working remotely or traveling. The best time tracker for consultants includes offline functionality, GPS tracking options, and intuitive mobile interfaces that make it easy to maintain accurate timesheets regardless of location.
A comprehensive consultant time management solution should provide utilization reports, project budget tracking, team productivity metrics, and client-specific reporting. Another key feature is customizable dashboards that visualize key performance indicators. This helps consulting firms identify efficiency opportunities and make data-driven decisions about resource allocation and pricing strategies.