As a small business owner, it can be hard to justify going through the motions and controls of larger corporations. Your time is already limited and enterprise software can be very expensive. So when you really should be comprehensively tracking employees’ time, you might be skeptical. Let us tell you why you shouldn’t be.
Time trackers or timesheet software is not just for payroll. Operational process accounting and project accounting (e.g., for client billing) has been becoming important to businesses of all sizes. As a growing small business, it’s time to start thinking past paper-based or home-brewed timesheet items, spreadsheets in Excel, or multiple installed time tracking tools that produce contradictory data. Without any time tracking software, it is very difficult to understand project costs.
How can you be sure you’ll get a time tracker that works for your business and is immune to common problems experienced when buying your timesheet system?
There are big things to consider:
Have a Buying Process
Remember please that time tracking software will affect everyone in your company. Employees usually don't like to track their time so your time tracker have to be simple to use, have an intuitive interface and encourage accurate data collection in all ways possible. Your time tracker should be a real accounting system with double entry methodologies and approval processes, and have automatic reminders for procrastinating, busy, forgetful employees.
First of all, you need a requirements list. This will enable you to eliminate scads of vendors that pop up when you google “timesheet.” To collect your requirements list, ask all the different departments in your company which will be affected by future system for their input.
Main potential requirements:
There is No Magic Fix
You can’t roll out your time tracking system in 1-2 days unless your problem is simple enough to only include one or two of the above requirements. And if you think your requirements are that simple, you’re most likely wrong. But if they really are that simply, don't spend your money on a complicated software, just use a spreadsheet as your time tracker.
The time tracking technology is powerful and it can help your business to become more profitable in a number of activities. It can lower your payroll processing cost with rising accuracy. It can also speed up your client billing, automate voyage expense reimbursement and, most importantly, it can tell you which projects are broken before it is too late to do anything.
Vendors who claim two-day rollout times are just plain lying. Don’t let them to play a game on you.
This is not a sophisticated process but it is one that requires time and energy to accomplish it accurately. In the second part of this article, we will cover questions to make sure that CrocoTime time trackeris rock-solid, and will consider the advantages of software as a service versus installed software.
Time Tracking Software: Pay Less Get More
CrocoTime time tracking software allows a manager to collect valuable and representative data about the processes, projects and overall efficiency, starting from a single employee and up to the whole company. The CrocoTime time tracker will let you pay for the time actually used for a company’s sake and not wasted.3 non-obvious advantages of an accurate time tracker
“Do as I say, not as I do” is a common saying that has become synonymous with hypocrisy. It goes hand-in-hand with the idea that people may ask more of others than they are ready to do themselves.How To Pick And Install An Effective Project Tracking App
Generally speaking, companies today are pretty good in saving funds. At any moment, your CFO (or at least the bookkeeper) can tell you how much money is made and spent, and where income comes from and goes to. Money is recognized as a worthy and important commodity, and financial planning and tracking systems are put in place so that employees may rest easy knowing that every cent is accounted for.