In the fast paced world of the Web, time is the rarest and most valuable commodity. That's why managing your time as a freelancer is so important! Here are a few online time tracking, simple invoicing and expense solutions that you may want to look into to help you get more out of your virtual day as you head down the path towards Web success!

Toggl : The free plan offers time tracking for teams, unlimited projects and team members, unlimited workspaces for users, unlimited tasks for users and a Toggl "desktop." The paid version ($19/month) enables users to brand their workspace, offers reports, features the ability to set hourly rates for projects and includes priority support. Toggl also offers full access to its time tracking functionality through a web service API.

MyHours : The personal plan offered by MyHours is a robust solution to track time by projects and tasks, calculate costs and send report by email. MyHours provides several different tracking options to let you track work in real-time or enter data when it's convenient. There are also some "diverse" reporting features including helpful modules for data analysis. report are print-ready and can be exported to MS Excel or sent by email - there's even access to basic time tracking through mobile devices.

Harvest : Pricing for Harvest is ranges from $12-$90 per month, but what you receive for that investment is a powerful solution to track time, log expenses, invoice clients and keep tracking of account receiveables and revenue. Attractive visual reporting and powerful billing tools are just some of the noteworthy features. Harvest works leading software and services for small business, and the flexibility of the Harvest API allows you to build on top of Harvest for your unique business needs.

On a related note, Cashboard, a hosted web application  for creating estimates, invoices and time tracking has announced some upgrades worthy of note. Improvements have been made to the invoice worksheet to make editing quicker, custom note fields have been introduced as have preferences to mark all new time entries billable or non-billable by default. Pretty sweet!