TimeSolv
Cloud-based time tracking and billing for accounting and legal professionals.
About TimeSolv
TimeSolv captures billable hours through a cloud timer, then pushes those entries directly into LEDES-formatted invoices — the billing standard required by most corporate legal clients and increasingly demanded by larger accounting engagements. Partners at hourly-rate firms log time from browser or mobile, run matter-level profitability reports, and reconcile trust account balances without switching platforms. It syncs to QuickBooks or Xero for GL posting, and LawPay for payment collection. It fits solo practitioners and firms up to roughly 30 timekeepers who bill by the hour and need compliance-grade invoice documentation. If your clients require LEDES 1998B or UTBMS task codes on invoices, TimeSolv handles that natively — Harvest, Toggl, and most generic trackers do not. The profitability reporting breaks down realization rates and write-offs by client, matter, and timekeeper, which is genuinely useful for firms doing post-engagement analysis. The tool is not the right pick for flat-fee or subscription-billing practices — the workflow is built around hourly capture. There is no free tier, so you are committing to paid access before you know whether the interface suits your team. Firms already running a full practice management suite like Clio or PracticePanther will find substantial feature overlap and may not need a standalone billing layer.
Best for
Accounting and legal professionals needing detailed time tracking with specialized billing formats
Key Features
- Cloud-based time tracking with billable hour capture
- LEDES billing format compliance
- Trust accounting management
- Detailed profitability reporting by matter/client
Pros & Cons
Pros
- LEDES 1998B invoice output works out of the box — no manual formatting or export manipulation required
- Trust account ledger tracks deposits, disbursements, and running balances with the documentation needed for bar compliance reviews
- Matter-level profitability reports show realization rates and write-off amounts by timekeeper, not just raw hours
- QuickBooks and Xero sync posts invoice totals and payments to the GL without manual journal entries
- Mobile timer captures time on the go and assigns entries to the correct client and matter immediately
- UTBMS task and activity codes are built into the billing workflow, which matters for clients who audit invoice detail
- Invoice templates support multiple billing arrangements — hourly, contingency, and flat-fee — within the same firm account
Cons
- No free trial or free tier — evaluation requires a paid commitment at $28 per user per month from day one
- Designed around hourly billing; flat-fee and value-billing firms will work against the grain of the interface
- Reporting customization is limited — you can filter by matter and timekeeper but cannot build ad hoc report structures without exporting to Excel
- Firms already using Clio, MyCase, or PracticePanther get overlapping billing and time tracking features, making TimeSolv redundant rather than additive
- The user community is smaller than category leaders, so third-party tutorials and peer support forums are thin
- Switching costs are real — matter histories and trust ledgers do not export cleanly to competing platforms if you decide to leave
Ledger Brief Take
Primarily serves legal firms but includes accounting-specific features like trust accounting and LEDES billing that most generic time trackers lack. The profitability reporting goes deeper than basic timekeeping, making it viable for practices that bill by the hour and need forensic-level project analysis. Built for professionals who need compliance-grade documentation rather than simple time logging.
Frequently Asked Questions
Common questions accountants ask about TimeSolv.
What does TimeSolv cost and what does the entry price include?
TimeSolv starts at $28 per user per month. That entry price includes time tracking, invoicing, LEDES billing, and QuickBooks or Xero sync. Trust accounting and advanced reporting are included in standard plans, not gated behind a higher tier. There is no free plan and no publicly listed free trial period.
How does TimeSolv integrate with QuickBooks and Xero?
TimeSolv syncs invoices, payments, and client records to QuickBooks Online or Xero automatically. Payments collected through LawPay post back to the matter ledger and flow to the GL. The sync is one-directional from TimeSolv to the accounting platform — chart of accounts mapping is done once during setup.
How does TimeSolv compare to Harvest or Toggl for accounting firms?
Harvest and Toggl track hours and generate basic invoices but do not support LEDES formatting, UTBMS task codes, or trust accounting. TimeSolv is purpose-built for compliance-grade billing documentation. For firms that do not require LEDES invoices or trust ledgers, Harvest costs less and has a simpler interface.
Is TimeSolv built for accounting firms or primarily for law firms?
TimeSolv originated in the legal market and its terminology — matters, trust accounts, LEDES billing — reflects that. Accounting firms that bill hourly and need structured invoice documentation use it successfully, but the interface assumes a legal workflow. Pure accounting practices without LEDES requirements will find it over-engineered.
How is client billing data stored and is it secure?
TimeSolv is cloud-hosted with data encrypted in transit and at rest. The platform complies with standard security requirements for legal and financial data. It does not publish SOC 2 audit reports publicly, so firms with strict vendor security review requirements should request documentation directly from TimeSolv before signing up.
Can TimeSolv handle trust accounting for client funds?
Yes. TimeSolv maintains separate trust ledgers per client, tracks deposits and disbursements, and produces reconciliation reports. It is not a full accounting system — you still need QuickBooks or Xero for your firm's own books — but the trust ledger functionality meets the documentation standard required for most state bar compliance reviews.