Which feature allows businesses to keep track of billable hours for their projects?

Time Tracking is the feature that enables businesses to monitor and record billable hours for their projects. This functionality is essential for service-based businesses that charge clients based on the number of hours worked. With time tracking, employees or contractors can log their hours directly within QuickBooks, making it easy for businesses to create accurate invoices reflecting the time spent on specific projects.

Utilizing the time tracking feature allows for precise billing processes and enhances project management. It ensures that all billable hours are accounted for, which can lead to improved cash flow and proper compensation for the work done. Furthermore, the data collected can aid in analyzing employee productivity and project profitability.

The other options, while valuable in their own rights, do not specifically cater to the tracking of billable hours in the manner that time tracking does. Expense reports focus on documenting expenses incurred, invoice tracking pertains to monitoring payment status of issued invoices, and job costing relates to analyzing costs associated with projects rather than tracking the time worked on those projects.