Universal Motown Records, Bell's label at the time, was hesitant to release an album that had no contribution from its musicians or producers, mainly due to the fact that the label was an incarnation of the regular Motown, which usually consisted of African-American soul and R&B artists, but Bell said it only took one song to convince them to release it.

The last four songs on the album form "a narrative about the ups and downs in three different relationships", that go together, without breaks, a credited homage to the second side of The Beatles' Abbey Road.

The album received positive reviews with critics praising Bell's performance and songwriting.

Allmusic wrote in its review of the album, "Drake Bell reveals a knack for charming, well-crafted pop tunes on his 2006 major-label debut, It's Only Time.

Clearly a devoted Beatles acolyte, Bell offers up a set of tunes that (surprisingly, for a tween-focused pop celebrity) largely rejects slick modern production in favor of a vintage sound inspired by Abbey Road Studio, as best revealed on the sunny, shimmering "I Know" and the jaunty, piano-driven "Fool the World"."

All songs written by Jared Drake Bell, Christopher Jonathan Abraham & Michael Corcoran, except where noted.

The DVD which came with the deluxe version contained the following tracks: "I Know", the lead single, was released on October 17, 2006.

The second single, "Makes Me Happy" was released on October 16, 2007, in the form of a Radio Disney edit, available for digital download.

The music video was made for the song "I Know" and a day after the album was released, it was shown on MTV.

In the Drake & Josh TV special Really Big Shrimp, Bell's character in the show gets a record deal and repeatedly plays the song "Makes Me Happy" throughout the movie.

The tour began on July 7, 2007 in Muskegon, Michigan and ended on September 2, 2007 in Miami, Florida.