Timesheet Software for Consultants
In a consulting firm the timesheet is not an administrative record. It is where revenue, cost, margin and utilization all come from. SUNAGO Matrix logs billable hours against projects and phases in a weekly sheet, runs them through approval, and turns a single entry into project cost, progress and utilization without anyone rekeying anything.
One entry, four jobs
The reason firms end up with a timesheet tool, a resourcing spreadsheet and a project accounting export is that the three were never connected. Here is what a single logged hour does when they are.
It consumes budget
The hour lands against a project phase and reduces the budget remaining there, so progress is measured in what has actually been spent rather than a completion percentage someone selected.
It carries a cost
It is priced at that person's derived cost per hour, after part-time capacity, vacation, real utilization and their share of overhead. Project cost and margin move with it.
It moves the forecast
Forecast at Completion recalculates, so a project drifting off course says so in week three rather than at final invoice.
It updates utilization
Billable against available hours for that person, which in turn feeds back into their cost rate. The loop closes on itself rather than depending on an assumption.
This is also why timesheet accuracy matters more here than in most businesses. If the hours are wrong, four numbers are wrong, and the firm finds out at the end of the project rather than during it.
What unlogged time costs, in money
Revenue leakage in a consulting firm is rarely dramatic. It is half an hour here, a forgotten client call there, and a Friday timesheet reconstructed from memory a week later. The arithmetic is worth doing once. Figures below are for a firm of eight billable consultants at a EUR 95 sell rate.
| Leakage per consultant per day | Hours lost per year, firm-wide | Revenue at EUR 95 per hour |
|---|---|---|
| 15 minutes | 440 | EUR 41,800 |
| 30 minutes | 880 | EUR 83,600 |
| 45 minutes | 1,320 | EUR 125,400 |
Half an hour a day is not a discipline problem, it is a friction problem. Hours logged three days late are hours logged from memory, and memory rounds downward. That is 880 hours a year, or roughly EUR 83,600 at a modest sell rate, for a firm that would notice immediately if a client failed to pay a EUR 20,000 invoice.
The leakage is only half of it. Those hours were worked, so their cost landed on the project whether or not anyone recorded them. An unlogged hour therefore understates revenue and understates consumed budget at the same time, which makes the project look more profitable than it is right up until it is delivered.
What reduces it is an entry interface that takes seconds rather than minutes, and an admin calendar view over the team's logged time so a missing day is spotted while the week is still recent. Neither is glamorous, and together they are worth more than most pricing decisions.
What the time and expenses module covers
Log hours against projects and phases with minimal clicks, in a weekly view built for people who fill it in on a Friday afternoon rather than an interface that punishes them for it.
The split happens at entry, not in a later cleanup. Internal work, business development and training are captured rather than quietly disappearing from the record.
Submit for manager approval before hours become an invoice, with the same workflow covering expenses so one review catches both.
Review logged time across the team on a calendar rather than person by person, which is where a missing day or a week nobody filled in actually becomes visible.
Expense tracking with receipts, billable and non-billable categories, and automated markup where you bill expenses on to the client.
Billable hours against real availability per person, team and firm, calculated from the same data rather than estimated in a separate sheet.
Where standalone time tracking runs out
Dedicated time tracking tools are good at capture. Where they stop is at the point the hours need to mean something. They will tell you a consultant logged 32 billable hours last week. They cannot tell you what those hours cost, whether the project they went into is still profitable, or whether 32 was a good week for that person given their availability.
Answering those requires salary, capacity, vacation, utilization, project budget and overhead to sit in the same place as the hours. That is the whole argument for keeping time inside the system that runs the projects rather than exporting it into one.
Related reading: timesheet software for engineering firms and how to calculate a true cost per hour.
Where the hours go
Every hour priced at its real cost, driving margin and Forecast at Completion.
Learn moreHours consume the phase budget, so progress reflects spend rather than opinion.
Learn morePlanned against logged, so next quarter's capacity plan learns from this one.
Learn moreTimesheet software: common questions
Billable hours, approvals, utilization and what it costs per user.
What makes timesheet software different for consultants?
How are billable hours tracked?
Do timesheets need approval before invoicing?
How does time tracking connect to utilization?
Can we track expenses alongside time?
What does it cost per user?
Turn logged hours into numbers you can act on
EUR 3 per seat per month billed yearly, every module included, free onboarding and data transfer. 14-day trial, no credit card required.