Cost rates
Take control of your project costs with Timely. Stay on top of internal expenses, allocate resources wisely, and ensure maximum return on every project.
Maximize profitability and optimize resources
With Timely, you gain total visibility over project costs, ensuring that your resources are allocated efficiently and profitably. By setting individualized cost rates for team members, you can measure actual labor costs against billable rates, delivering a clear picture of project performance. Real-time insights into planned versus logged costs help you refine budgets, improve resource allocation, and avoid financial surprises. Whether you’re managing internal teams or external contractors, Timely empowers you to make informed decisions that enhance project profitability and streamline operations.
Increase profit margins - identify and address unprofitable work early by tracking actual costs vs. revenue.
Make smarter resourcing decisions - allocate resources effectively with clear cost visibility for every team member.
Save time and avoid errors - automate cost tracking and reporting, eliminating manual calculations.
Key use cases
Timely’s cost rate features are designed to handle the complexities of modern project management. From setting accurate labor costs to exporting detailed financial reports, you can take control of your profitability with ease. Here’s how it works in practice.
Easily Update Cost Rates as Your Business Grows
Adjust Cost Rates for Existing Team Members
Generate Reports to Drive Informed Decisions
Compare Planned Time with Actual Costs
Scores above 95% in Quality of Performance, Support, Ease of Use, and Setup.
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"A great experience which has made my invoicing life much easier!"
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"So many valuable uses for Timely & Memory"
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"Timely - our time management tool"
"It's super easy tracking task details on timely without much hassle"
"Ingenious, efficient and effective time tracking system"
"Best time tracking software on the market"
"Effective tool to help you keep track of time and stay productive"
"Timely is hands down the best time tracking app available"
"Ingenious, efficient and effective time tracking system"