TSheets

History

Based in Eagle, Idaho, TSheets was co-founded in 2006 by CEO Matt Rissell and CTO Brandon Zehm. In 2008, TSheets was the first company to create and release a native employee time tracking app for the iPhone. In 2012 TSheets released an integration with accounting and payroll software QuickBooks. In 2015, TSheets accepted $15 million in growth equity funding from Summit Partners, bought a building in Eagle, Idaho, and opened a second location in Sydney, Australia. TSheets currently employs more than 150 employees.

Funding

In 2015, after nine years of lean startup methodologies, TSheets accepted $15 million in funding from Summit Partners. The funding enabled the company to grow their team and expand their product offering. Funding in hand, CEO Matt Rissell purchased the very first TSheets headquarters in Eagle, Idaho, grew from 30 to 100+ employees, and opened a second office in Sydney, Australia, that same year.

PRO Program

The TSheets PRO Program was launched in 2013. The program is for accountants and bookkeepers and is designed to assist their clients in simplifying payroll and other processes. The TSheets PRO Program has grown to more than 8,000 accountants and bookkeepers (PROs) worldwide. TSheets PROs get access to TSheets for free, 20% commission on all client referrals, and access to industry leaders.

In 2016, TSheets released the TSheets Accountant View — a TSheets account functionality available only to TSheets PROs. Accountant View allows accountants to view their clients’ TSheets accounts in a simple dashboard. Accountants can switch back and forth between client accounts without having to log in and out of each account individually.

Product

TSheets began as a very basic web-based time tracking software and is now a mobile time tracking and scheduling software/app with GPS location tracking, seamless software integrations, and custom settings.

Employees clock in or out using the TSheets mobile apps (available on Android, iOS, or Google Chrome), desktop or mobile browser, dial-in (available in both English and Spanish), text, or tweet. Employees can track time against multiple job codes throughout the day, take a paid or unpaid break, and check their schedule — whenever and wherever they work.

Account admins can set custom company settings, receive alerts when an employee has clocked in late or is approaching overtime, and review/approve employee time cards from any location and any device. All time, location, and job data is stored securely in the cloud, allowing users to export that data to their preferred accounting or payroll program or reference it as needed. TSheets maintains an audit log of each and every action.

TSheets released scheduling functionality in 2016 in an effort to save business owners time by making it easy to manage and schedule employees. TSheets Scheduling works with TSheets’ existing time tracking software and mobile apps, allowing employees to clock in and out directly from the schedule from their desktop or mobile device.

Software Integrations

In early 2012, TSheets integrated with Intuit QuickBooks. The integration allows admins to automatically export time data from TSheets to QuickBooks — cutting the amount of time it takes to run payroll in half. Later that year, TSheets became the #1 rated and requested app in the Intuit app system.

In the summer of 2016, TSheets partnered with New Zealand-based accounting and payroll software, Xero — effectively widening the company’s presence in the global market. Using TSheets + Xero, clients can export time data and create customized invoices.

TSheets also partners and integrates with a number of HR, accounting, and payroll software including (but not limited to): -ADP -Avalara -Expensify -Flint -Fundbox -Fundera -Gusto -Insperity -Namely -Sage -Shoeboxed -Square -Qvinci

TSheets features an open API — allowing developers to merge TSheets with their existing applications and software (if no integration exists).

Key Features

Awards and Recognition

2013: Winner of Intuit’s App of the Month

2014: Featured Idaho Business in Google Economic Impact Report Winner of Idaho Technology Innovative Company of the Year Award Winner of Awesome Application Award presented by The Sleeter Group

2015: No. 2 Top Company Cultures Among Midsize Companies presented by Entrepreneur No. 1 Best Place to Work in Idaho Among Small Companies Winner of Awesome Application Award presented by The Sleeter Group Winner of the Luca Award presented by ICB Global

2016: No. 1 Best Place to Work in Idaho Winner of Awesome Application Award presented by The Sleeter Group No. #128 Fastest Growing Company in North America by Deloitte's 2016 Technology Fast 500

Press

TSheets has received high-level press in the technology and business sectors, including a front page feature in the Wall Street Journal's Business Technology section, an interview with CEO Matt Rissell in Fast Company’s WorkFast TV series, and prominent mentions in Inc. and Tech Crunch, republished in the Washington Post.

TSheets has also appeared in Business 2 Community, Idaho Business Review, and the WSJ among several other news and online technology sources.

Matt Rissell is a regular contributor to Forbes, AMEX Open Forum, and The Huffington Post.