If budget is your only consideration when shopping for enterprise software, you might prefer to use paper and pencil. Maybe even a free spreadsheet like Excel. They can certainly be cheap – but they waste a lot of time.
Free timesheet tip: If cheap were good, you should be using pencil and paper, but you don’t use pen and paper because that is a waste of time.
There are many variables when it comes to valuing time. Do you value time by hour, by day, or some other value? Do you value that time by employee, by project, by employee on each project, by customer, by date or some combination? To value time accurately, you need cost and charge rates that match the way your organization values time.