Operating Costs vs Operating Expenses: What They Are & Why They’re Important
Wednesday, 10 November 2021
As a business owner, it’s crucial to understand operating costs vs operating expenses. Having a clear picture of the money coming in and out of your company improves your ability to do everything from planning payroll to renting office space to hiring new employees. Today, we’re taking the process step by step, from how to
- Published in Other tips, Time tracking
Estimated vs Actual Costs—Why Tracking Both Is a Must for Your Business
Wednesday, 27 October 2021
Estimated vs actual costs—how do yours stack up? If you’re not asking that question after each project, you’re putting your business at risk—of losing money, scoping jobs incorrectly, missing deadlines, and more. How do you define estimate vs actual costs? Put simply: Estimated costs are what you predict you’ll spend on a project, while Actual
- Published in Other tips, Time tracking
How to Manage Temporary Labor for Your Holiday Retail Hiring
Friday, 15 October 2021
If your business relies on temporary labor to get through the holiday season, chances are you’re already gearing up. While we’ve already run down tips for classifying, scheduling, and reporting on your temporary labor, there are a few extra steps to consider when hiring seasonal employees. In this article, we look at three more ways
- Published in Other tips, Scheduling, Time tracking
3 Common Mistakes Companies Make With Employee Time Tracking
Thursday, 30 September 2021
The benefits of employee time tracking are clear. Whether you’re looking to improve productivity, profitability or trust, employee time tracking is a crucial step. But once you’ve got time tracking in place, how do you ensure your business is making the most of it? Avoid one of the most common company mistakes: not using your
- Published in Time tracking
9 Industries That Benefit from a Real Time GPS Time Tracking App
Thursday, 23 September 2021
Some industries that benefit from a real time GPS tracker are obvious: construction, logistics, transportation. But there are other industries — engineering, accounting, interior design — where time tracking apps with GPS can boost productivity and your bottom line. Here are nine industries that benefit from a time clock app with GPS, starting with some
- Published in Time tracking
U.S. Federal and State Overtime Laws: What You Need to Know
Thursday, 16 September 2021
Overtime laws can be tricky for any company to navigate, but especially small businesses. When you’re trying to adhere to state regulations and federal overtime laws, it’s easy to miss a step here or there. But there are a few steps any smart business owner can take when managing overtime, starting with understanding both federal
- Published in Time tracking