Tiempo: Simplifying Time Tracking for Faster Payments
For businesses and freelancers alike, tracking billable hours and processing payments can be a tedious process. Enter Tiempo, a Y Combinator-backed time-tracking app designed to streamline payroll and invoicing—so you can focus on what really matters: your work.
How Tiempo Works
Available for iOS, Android, and web, Tiempo allows employees and freelancers to log hours and submit them for manager approval. Once approved, payments can be processed instantly, with funds arriving in the employee’s bank account in under three days—a significant improvement over traditional paper-based systems that can take up to 60 days.
Key Features
- Seamless Time Tracking: Log hours with ease and submit for approval.
- Fast Payments: Approved invoices can be paid in minutes, not weeks.
- Integration with QuickBooks: Syncs automatically for hassle-free accounting.
- Flexible Pricing: Free for basic use, with premium features at $10/month.
The Vision Behind Tiempo
Founded by Tad Milbourn, Peter Terrill, and Kyle Kilat—former Intuit employees—Tiempo was created to eliminate the friction in payroll processing.
“We wanted to take outdated, paper-based systems and make payments near-instantaneous,” says Milbourn. “Our beta users were paid in less than an hour.”
Who Can Benefit?
While Tiempo primarily targets service-based small businesses, its scalable design makes it suitable for:
- Freelancers and independent contractors
- Mid-sized companies
- Large enterprises
Pricing and Fees
- Basic Plan: Free (no invoicing or integrations)
- Premium Plan: $10/month (includes QuickBooks integration)
- Transaction Fee: 1% for invoicing (total processing fee: 3.9% via Stripe)
The Future of Time Tracking
By automating payroll and integrating with accounting software, Tiempo is setting a new standard for efficiency in workforce management. Whether you’re a solo freelancer or a growing business, this app ensures you spend less time on admin—and more time on meaningful work.
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