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If its an hourly engagement, then (at least my team) inflate our time sheets by 50-70% since most clients, even the biggest corporates will come and haggle with you.
Apart from it, if there are meetings or visits out of the city, then everything from cabs, hotels, flights, food is billed on actuals (again, even this is inflated).
So one of the SA or the responsible associate from the team will send the TS to the billing team, maybe even discuss if needed and then it is sent out to the client. Bigger firms have dedicated billing teams, and smaller firms divide this responsibility among colleagues.