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MakeMoneyinMusic
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A fantastic time tracking solution for a consultancy - I can allocate my team tasks, they book their time to them, invoices get auto-generated for me to email to customers, and I can track them being paid. All a piece of cake!
Pros: Everything you need right at your fingertips
Cons: More detailed reports, which are on the roadmap
Crono
Super Simple Timesheets.