AdvoLogix basic time tracking is very good at providing the means to collect day-to-day time tracking activities for most law firms. The foundational tenets of AdvoLogix time tracking are as follows:
AdvoLogix: Matter Financial Information
![Advologix ~ Matter's Financial Information](https://media.screensteps.com/image_assets/assets/002/892/722/original/Advologix___Matter-s_Financial_Information.png)
Each Matter page contains a section showing Financial information as associated to that Matter.
Time
![Time](https://media.screensteps.com/image_assets/assets/002/892/724/original/Time.png)
A time slip which accounts for the details associated with a unit of work or expense.
Timekeepers
![Timekeepers](https://media.screensteps.com/image_assets/assets/002/892/730/original/Timekeepers.png)
In order to record Time in AdvoLogix, each user or external resource (Contact) must have a Timekeeper record created for them.
Rate Groups
![Rate Groups](https://media.screensteps.com/image_assets/assets/002/892/728/original/Rate_Groups.png)
Rate Groups allow you to organize groups of Rates for specific Timekeepers for easy assignment of a group of Rates for Timekeepers to a Matter.
Rates
![Rates](https://media.screensteps.com/image_assets/assets/002/892/726/original/Rates.png)
Rates allow you to create hourly rate prices for Timekeepers or for ad hoc chargeable items such as expenses or fixed fee items