Time Tracker: 5 Arguments for Capturing Billable Hours in Real Time

Jul 19
08:21

2016

CrocoTime

CrocoTime

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For a business which bills customers by the hour, accurate employee time tracking information is of critical importance. While the Web offers a number of time tracking solutions, few are designed to track working hours in real time. Of course, any time tracking software is better than none, but there are some practical benefits to choosing a tool that provides you with detailed time tracking information in real time.

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Productivity

Because time is money,Time Tracker: 5 Arguments for Capturing Billable Hours in Real Time Articles you’d never want to make your employees perform the same job twice, but a lot of online timesheets and calendar-based time tracking tools do just that. If an application is too cumbersome to use, your staff simply won't use it in daily work. Instead, they’ll probably use something else – pieces of paper, post-it notes or spreadsheets – to log their time, pausing only at the end of the week (maybe, month) to fill in their timesheets. By choosing the right time tracker you will eliminate double entry and guarantee that your employees’ valuable time is spent on projects, not on filling in timesheets work.

Accuracy

A need for double entry is more than just a waste of time and money; it also leaves room for error. It’s all too easy to make errors when clocking hours after the fact, which leaves you open to invoice challenges and accounting disparity.

Accurate data is not only good for you; it also benefits your employees. No one wants to be cheated on payday. By logging project hours in time tracker app, your employees can vouch that they’re paid for every minute of their work.

Fast And Easy Invoicing

When it’s time to invoice your clients you shouldn't have to hound your employees for the information you need and with an accurate time tracking tool you won’t have to do it. Tracking time as your employees work removes the need for remembrance and workflow interruptions. Alternatively you're naturally to invoice when and how you want with the confidence that information your clients receive is accurate.

Improved Resource Distribution

Project managers lean on their time tracker apps in order to distribute resources correctly. Obsolete traditional timesheets make it hard to adapt on the fly. However, if hours are tracked in real time, project managers can recognize problems at once and shift resources in course to compensate.

Better Client Service

Customer loyalty is critical to your profitability. Serving your clients well starts with fast and accurate answers to their questions, especially with attention to project budgets and work progress.

In fact, an automatic time tracker helps you to stay in touch with your clients’ expenses and makes it easy to answer questions like:

  • “How is the time spent?”
  • “How close are we to maxing out your budget?”
  • “Is the time you've spent on this project corresponds with your accounting cost?”

Having these answers at your fingertips creates client trust and enables intelligent decision making, which is better both for your clients and, in turn, for your company’s long term success.