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A friend of mine runs a small shop, where he and couple of his employees/contractors do the job. He lands a client, gets himself on retainer or on hourly rate, sends invoices out every month, tracks invoices as paid or non-paid, manages his bank account and distributions - essentially he needs to have a good understanding of P&L at any given time, as while he does some work himself, sometimes he hires other people to sub-contract to. Essentially he needs a tool to manage his hourly and retainer-based employees, who can track their time at their rate, as well as to pass-through these timesheets to his client, billed at a different rate. Also, he manages distributions, as some of his partners get royalty share, etc. Currently he uses spreadsheets to track all that and I should tell - that's quite a mess. He doesn't want to get engaged with more complicated solutions, and he doesn't have accountant for anything but his taxes, at the end of the year. Is there any one-stop shop that you are using and can recommend? Really appreciate your hints. |