![\"Best](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/Best-accounting-software-cover.jpg\")
<\/figure>\n<\/div>\n\n\nWHY TRUST US?<\/strong><\/p>\n\n\n\n The apps we talk about are selected, tested, and written about by human reviewers who follow strict review and editorial guidelines. We pick solutions that are practical, purposeful, and can offer real value for the specific use case or business context we\u2019re covering \u2014 while also being justified in their pricing. Our methodology is transparent, clear, and available to everyone:<\/p>\n\n\n\n Learn more about our review methodology here \u2192<\/a><\/p>\n<\/div><\/div>\n\n\n\n After testing some of the best accounting software with free trials and plans, we\u2019ve narrowed it down to 6 apps that we believe take the crown:<\/p>\n\n\n\n Clockify by CAKE.com<\/a> is a time tracker that tracks your projects\u2019 progress throughout the day. However, due to many integrated features, businesses can effortlessly track and manage expenses with Clockify<\/a> as well.<\/p>\n\n\n\n\n Time tracking software used by millions. Clockify by CAKE.com is a time tracker and timesheet app that lets you track work hours across projects.<\/p>\n\n Using Clockify as an employer comes with several benefits that make your day-to-day extremely easy. Also, your accounting team won\u2019t need separate accounting software since Clockify lets them:<\/p>\n\n\n\n For starters, Clockify gives you an overview of your employees\u2019 work hours that can be recorded through the timer (automatically) or timesheets (manually). You can mark time entries as billable or non-billable, too.<\/p>\n\n\n\n To get an accurate portrayal of billable hours, you should define hourly rates<\/a> in Clockify.<\/p>\n\n\n\n In the end, all employee earnings are automatically calculated based on their billable time, and you can view them in reports. Either way, you get the numbers you need to prepare invoice documentation, as well as payroll calculations, all while staying compliant with FLSA<\/a> and DCAA requirements<\/a>.<\/p>\n\n\n As a Clockify user myself, I\u2019ve always loved the number of things you can do within the app \u2014 from time tracking and requesting time off<\/a> to creating invoices within minutes.<\/p>\n\n\n\n However, what I found most useful from an accounting perspective was the expense tracking functionality.<\/p>\n\n\n Namely, Clockify lets me record expenses in different categories: <\/p>\n\n\n\n Expenses such as day rates, retainers, overtime pay<\/a>, reimbursements, and salaries can easily be marked as fixed fees and reported to invoices. On the other hand, if you have to account for office materials that aren\u2019t fixed fees, you can do so by marking them as unit-based expenses. <\/p>\n\n\n\n The expense tracking data can also be recorded and submitted via mobile if you\u2019ve installed the Android or the iOS Clockify app.<\/p>\n\n\n\n Another handy option I liked was that I could create invoices that included travel expenses. What makes the process so appealing is that I get to attach receipts to my records and have all my expenses accounted for.<\/p>\n\n\n Moreover, I can also export all my expenses in PDF, Excel, or CSV format (available on the Basic plan).<\/p>\n\n\n\n Overall, Clockify makes expense management easy as it provides all the necessary features for efficient expense tracking<\/a> and organization. <\/p>\n\n\n\n Clockify\u2019s pros<\/strong><\/p>\n\n\n\n Clockify\u2019s cons<\/strong><\/p>\n\n\n\n In September 2024, Clockify introduced the project budget chart<\/a> feature that allows you to forecast whether your project will go over the estimated budget. Apart from that, Clockify has been rolling out many smaller improvements and bug fixes.<\/p>\n\n\n\nWhat are the best accounting tools?<\/h2>\n\n\n\n
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Clockify<\/a> by CAKE.com \u2014 best for expense management in accounting<\/h3>\n\n\n
![\"Clockify](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2024\/10\/Clockify-time-tracker-2.png\"){kind=tracking}
<\/figure>\n<\/div>\n\n\n![\"Illustration\"](\"https:\/\/clockify.me\/blog\/wp-content\/themes\/cake-blog\/theme\/images\/banners\/clockify\/features@2x.png)
\n <\/picture>\n <\/div>\n<\/div>\n \n\n\n\nWhat does Clockify offer?<\/h4>\n\n\n\n
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![\"Clockify](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2024\/10\/Clockify-invoices.png\")
Why is Clockify best for expense management in accounting?<\/h4>\n\n\n\n
![\"Clockify](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2024\/10\/Clockify-expense-report.png\")
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![\"Attaching](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2024\/10\/Attaching-receipts-to-expenses-in-Clockify.png\")
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What\u2019s new in Clockify by CAKE.com?<\/h4>\n\n\n\n
![\"Zoho](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/Zoho-Books-Dashboard.jpg\")
<\/figure>\n<\/div>\n\n\n![\"Zoho](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/Zoho-Books-Invoice.jpg\")
![\"Zoho](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/Zoho-Books-Recurring-Invoices.jpg\")
![\"ZipBooks](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/ZipBooks-dashboard.jpg\")
<\/figure>\n<\/div>\n\n\n![\"ZipBooks](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/ZipBooks-Locations.jpg\")
![\"ZipBooks](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/ZipBooks-Integrations.jpg\")
![\"Odoo](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/Odoo-Dashboard.jpg\")
<\/figure>\n<\/div>\n\n\n![\"Odoo](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/Odoo-Trial-Balance.jpg\")
![\"Odoo](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/Odoo-Mobile-Receipt.png\")
![\"Wave](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/Wave-Accounting-Dashboard.jpg\")
<\/figure>\n<\/div>\n\n\n![\"Wave](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/Wave-Accounting-Invoice.jpg\")
![\"Wave](\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2023\/12\/Wave-Accounting-Bank-Records.jpg\")