Many practitioners use the terms "practice management" and "time and billing" interchangeably.While these applications have some features in common, time and billing is actually a subset of the practice management application. Exactly where to draw the line separating the two isn't easy, simply because they have a lot in common. With each new product generation, the line slips even more, as time and billing vendors continue to add features and functionality.
The core of both T&B and practice management is tracking staff time. It's what is done with this data when accumulated that separates the one application type from the other. While both T&B and practice management can turn accumulated staff time into bills and statements to be sent to clients, practice management often goes far beyond the accounts receivable orientation of T&B.
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