Project Cost Management Software

Track project costs and budget usage in real time, connect labor time with project financial data, monitor billable work, expenses, and invoices in one workflow, use reports to review profitability and project performance, and keep projects on budget with clearer cost visibility.

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What Is TMetric Project Cost Management Software?

TMetric is project cost management software that helps teams track labor costs, manage project budgets, monitor billable work, and review project financial performance through time tracking, reporting, budgeting, and invoicing. It gives businesses a complete project cost tracking system to control expenses, improve profitability, and make informed decisions based on real-time project financial data.

Why Teams Need Project Cost Tracking Software

Without TMetric

Project costs are tracked manually across spreadsheets
Labor expenses exceed budgets without visible cost overruns
Teams struggle to connect time spent with actual project costs
Inaccurate timesheets lead to billing, payroll, and budgeting errors

With TMetric

Track labor costs with project cost tracking software
Monitor budgets and project expenses in real time
Connect time entries to project financial profitability
Use accurate reports to improve forecasting and cost control

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What Makes TMetric a Good Project Cost Management Tool

Manage budgets and expenses

TMetric is project cost management software that helps teams control budgets, monitor expenses, and improve project profitability.

Set project budgets and cost limits
Track labor expenses in real time
Compare planned and actual project costs
Use a complete project cost tracking system to prevent overruns

Assign and track project tasks

Connect project work with costs using a project management costing software solution designed for growing teams.

Assign tasks across projects and teams
Track costs at the task level
Monitor resource utilization
Improve project planning and accountability

Track project time

Track work hours with project cost tracking software that converts time data into accurate project costs.

Record billable and non-billable time
Calculate labor costs automatically
Monitor project profitability
Generate detailed cost reports with a project cost tracking tool

Generate professional invoices

Turn tracked time and project costs into accurate invoices with integrated cost tracking software.

Create invoices from approved time entries
Apply custom billable rates
Review billable costs before invoicing
Improve billing accuracy and transparency

Calculate overtime automatically

Support project cost management with attendance tracking and automatic overtime calculations.

Calculate overtime hours automatically
Track attendance and working time
Monitor workforce-related project costs
Improve payroll accuracy and cost control

Why Track Time with TMetric

Task management

Easily break down large projects into tasks

Multiple reporting

See summarized information about each project

Client collaboration

Invite your clients to see the progress of their projects

Budgeting & invoicing

Set budgets and easily invoice clients

Team management

Measure team’s productivity and control the workload

Integrate Project Cost Tracking into Your Existing Workflow

Time is captured directly from where your team works - no switching tabs, no manual entry.

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Success Stories

Thousands of businesses use TMetric as their project management costing software to improve budget control, track project expenses, and increase profitability.

TMetric helps us to track and manage our work time on different projects.

It has provided us with a comprehensive overview of how our time is allocated across various tasks. Its reporting features have been particularly helpful in providing us with valuable insights into our work patterns, which has resulted in increased efficiency and productivity.

Linda Förster

Project manager at Medud

We’ve found TMetric to be both user friendly and robust.

It was easy to setup which allowed us to begin leveraging the tool immediately. It also provides multiple layers of reporting which provides value to our organization on a number of different levels.

Brian Reilly

BankBound

TMetric is faster, more convenient and cheaper, the support is responsive and they fixed some bugs quickly.

Swen Roethlisberger

Floowedit

I recently transitioned from full-time employee to ‘consultant’.

Needed an app to track projects, tasks and generate billing based on our agreement. TMetric handles this elegantly and I can access from my iPhone, iPad or PC- awesome!

Jim Rolph

Manufacturer's Representative at Gorman Company

Frequently Asked Questions

What is project cost management software?

Project cost management software helps businesses plan, track, and control expenses throughout a project's lifecycle. It provides visibility into labor costs, budgets, billable hours, and profitability, making it easier to keep projects financially on track.

How does TMetric help track project costs?

TMetric helps track project costs by recording the time employees and contractors spend on tasks and projects. As a project cost tracking system, it provides detailed reports that help compare tracked hours with budgets and estimated costs.

Can TMetric be used as project cost tracking software?

Yes, TMetric can work as project cost tracking software by connecting tracked time with project rates, budgets, and expenses. Its project cost tracking tool features help teams understand how much time and money each project requires.

How does time tracking help calculate project costs?

Time tracking shows exactly how many hours are spent on specific projects and tasks, providing a reliable basis for calculating labor costs. With cost tracking software, teams can apply hourly rates to tracked time and monitor project expenses more accurately.

Take Control of Project Costs

TMetric helps you stay on budget, control labor expenses, and maximize project profitability.