Keep Budgets in Check

Set project budgets with detailed breakdowns for resources, materials, and overhead costs. Track actual expenses against budgets in real-time, receive alerts when approaching budget limits, and analyze cost variations to improve future project estimates and profitability.

Yes, comprehensive profitability tracking shows revenue vs. costs for each project and client. View profit margins, track billable hours, analyze resource costs, and identify your most profitable projects and clients to guide business strategy and pricing decisions.

Generate professional invoices directly from tracked time and project expenses. Set up recurring billing, milestone-based invoicing, or time-and-materials billing. Track invoice status, payment history, and outstanding amounts with automated payment reminders and client communication.

Absolutely! Configure individual billing rates for each team member, different rates for different projects or clients, and special rates for overtime or premium services. Rates can be set as hourly, daily, or project-based to match your billing model.

Team members can log project-related expenses with receipt attachments. Set up approval workflows for expense reimbursements, categorize expenses for accounting purposes, and include approved expenses in client invoices. Track both direct costs and overhead allocation for accurate project costing.

Worklenz integrates with popular accounting software and provides detailed financial exports in formats compatible with QuickBooks, Xero, and other accounting systems. Sync project costs, invoices, and financial data to maintain accurate books and reduce manual data entry.