Tracking time accurately is of the utmost importance for your business. Failure to track time accurately can lead to all sorts of problems. Payroll problems, employees being paid incorrectly, and even reporting taxes incorrectly to the IRS.
There are several points that need to be identified to know if you are tracking time effectively. Ask yourself the following questions to find out.
Can Your Employees Track Time Using Any Device?
Your employees might not work in a central location, which can make it difficult to monitor their time entries. Your employee should be able to clock in from anywhere using any device. This makes it far easier for you to keep track of their time. No more “forgetting” to start a timer!
When you use cloud-based time tracking software, you make it easier for employees to clock in and out. They can track hours from their home computer, at their desk or even from their smartphone if they’re out in the field. By choosing an automated solution, it also eliminates the hassle. No more handwritten timesheets that are difficult to read and can be lost easily.
Can Employees Easily Bill to Specific Projects?
Whether you run a law office, construction firm, or any other company with specific projects, you may need to bill your employees based on the job that they are working on. This can be overwhelming if you have employees working on multiple projects for a variety of clients each day. You may be losing a significant amount of money in billable hours simply because it’s difficult to track how much time was spent on each project.
With Time Tracker by eBillity, you can easily track your billable hours by specific projects or job.
Can You Quickly Approve Entries?
You should be able to quickly view and report on tracked time for your entire team. So, having an online dashboard where you are able to approve, edit or reject payroll times with ease is important. It not only saves time but allows you to make sure your staff uses their time efficiently.
If you are still using traditional time clocks this process can be difficult, especially if an employee forgets to track their time. As much as you want employees to clock in and out, they don’t always do as they should.
Being able to review all your employees time entries on one screen can save you hours in reconciliation and, in turn, save your company from time theft or other tracking errors.
Run Your Business Smarter
By taking advantage of technology and the cloud, you can make it easier for everyone to complete and submit their timesheets and to track actual hours of work. You can manage your entire team with gentle time tracking reminders, task assignments to establish billable hours, and set roles and permissions for different employees.
When you invest in time tracking software, you will have a clear overview of what is going on with your business. Also, at any given time you will be in complete control of labor expenses.