Freelancers’ Need for Online Billing Software

More and more, people are seeing the advantage of becoming their own bosses. The pressure of waking up early every morning to avoid the rush-hour traffic is one of the many things people wish to put behind them. It's also a way to avoid dealing with demanding bosses and nosy co-workers. The luxury of controlling their own time doing whatever job that interests them is also a plus. But most importantly, the money they make as an employee has the chance of being doubled, if not tripled, when their services are offered on a contractual basis. With this surge in freelance style of employment where people’s rates are calculated in an hourly basis, the need for exceptional online billing software to handle expenses and revenue reports has increased.

Online billing software offered in the market today helps freelancers avoid the tedious task of managing their bills by pen and paper. These kinds of software are designed to automatically and electronically track and compute total expenses and income incurred in every handled project. This feature is made possible by a time tracking function of the system. There is a built-in time clock which accurately logs the hours spent in completing a project, its phases and task levels. From the beginning up to the completion of the project, this clock laboriously takes note of each second expended to prevent any leakage in revenue.

Aside from keeping track of expenses, customer billing is also made easy. Through this software, expense reports can be made. And when ready for billing, freelancers can submit these reports directly to their clients with complete and accurate details of all expenses and billable hours due.

A calendar or planner-like feature is an important function, as well. Users can create their own daily and weekly activities to guide them and help them balance urgent tasks with long-term projects. A warning system is also included in the software which sets off a notification or alarm message if any task or project is running behind the appropriated schedule of accomplishment.

A sophisticated time tracking and online billing software is an essential tool in a freelancer’s work. Its features and function saves valuable time, making users more focused on completing projects rather than scheduling and doing accounting work. Moreover, its detailed reports prove to clients the effort and dedication freelancers exert in all of their projects and tasks. Hence, freelancers need to have this kind of software in their arsenal.