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TIME & BILLING FOR AUDIT FIRMS

Track the time. Send the invoice. Get paid.

Capture time where the audit work happens and invoice clients through your firm's own Stripe account — engagement to payment without leaving AuditFile.

AuditFile Time & Billing Client invoicing
INVOICE INV-0001
Sent · Reminder scheduled
Memo Year-end audit engagement
Due date 30 days from send
Audit fieldwork $6,400.00
Analytical review procedures $1,850.00
Reporting & wrap-up $1,200.00
Total due $9,450.00
Secure pay link included in the email. Pay invoice

Time capture and client billing built into the platform where your firm already does the audit.

Procedure-level time Log hours at the engagement, category, or procedure
Budget vs. actual See overruns while the engagement is open
Your firm's own Stripe account Clients pay your firm directly
Automatic payment reminders Follow-ups continue until the invoice is paid
TIME TRACKING

Log time where the audit work happens.

Time capture lives inside the engagement itself, so hours land exactly where the work happened.

Down to the procedure

Log time at the engagement, category, or individual procedure level — as precise as the workpaper it supports.

Billable and non-billable

Mark every entry billable or non-billable, with firm-defined non-billable reasons so unbilled hours still tell a story.

Admin time too

Capture administrative time alongside engagement work, so the week adds up to the whole week.

Notes on every entry

Attach a note to every time entry, so review — and the eventual invoice — starts with context.

REVIEW & APPROVAL

Hours get reviewed before they become billing.

A time review and approval workflow stands between logged hours and the client's bill.

Approval before billing

Submitted time goes through review and approval first — only approved hours move on to billing.

Budget vs. actual, in time to act

Budget vs. actual views catch overruns while the engagement is still open — not after the final bill goes out.

Multi-entry time screens

Enter a full week of time on one screen — quick weekly capture for staff who would rather be auditing.

BUDGET VS. ACTUAL Year-end audit engagement
In review
Planning 18.0 / 20.0 hrs
Fieldwork 96.5 / 90.0 hrs
Reporting 12.0 / 25.0 hrs
Approved hours flow on to billing. Unapproved time stays in review.
CLIENT INVOICING

Invoice from AuditFile. Get paid through your firm's own Stripe account.

Connect your firm's own Stripe account — Stripe Connect onboarding walks you through it — and clients pay your firm directly.

Draft Line items, memo, due date
Sent Secure pay link emailed
Processing Payment on its way
Paid Recorded automatically

Failed-payment and refund states are tracked too, so the record never loses the thread.

Built like an invoice should be

Sequential numbering — INV-0001 and counting — with line items, a memo, and a due date on every invoice.

A secure pay link, emailed

Email clients a secure pay link, and they pay online through your firm's own Stripe account.

Reminders until it is paid

Automatic payment reminders keep following up until the invoice is paid — no chasing from your staff.

Resend, void, refund

Resend an invoice that got buried, void one that should not exist, and refund a payment when it is the right call.

PDF invoices

Every invoice is available as a PDF, ready for the client's records and your firm's files.

No manual reconciliation

When the client pays, the invoice already knows: payment status updates itself — no manual reconciliation.

PROPOSALS & RFPs

Win the work first.

A proposal and RFP tool in the same platform — scope the engagement and price it before the first hour is ever logged.

Rate cards by staff level

Build rate cards by staff level — partner, manager, senior, and staff — so the numbers match how the engagement will be staffed.

Dates, letterhead, references

Set engagement dates, present the proposal on firm letterhead, and include references.

Multi-year support

Propose year one and the years after it — multi-year proposals are supported.

PROPOSAL · RATE CARD Year-end audit · Years 1-3
Multi-year
Partner Engagement oversight
$450/hr
Manager Field management
$300/hr
Senior Fieldwork lead
$210/hr
Staff Procedures & support
$140/hr
On firm letterhead, with engagement dates and references included.
ENGAGEMENT TO PAYMENT

Bill for the work where the work already lives.

Track time as the audit moves, approve it once, and send the invoice — without leaving AuditFile.