A free time clock might provide some useful information, but it may lack more advanced features. What Should I Look for in Time Tracking Software?Ĭost is a big factor when it comes to software for time tracking. If you have a repeat client who comes back for another project, you can look at how much time you spent on the last project and bill accordingly.
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It can also give you a better sense of how to bill clients. You can easily pay employees for the overtime they work or for sick time they are owed.
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If an employee forgets to clock in or out, it’s easy to go into the software and do a manual update. It also ensures that your payroll is completed accurately. If a project is taking more time than you anticipated, you can allocate resources or bill clients accordingly. Time tracking can help you see exactly what is going on with your business. How Can Time Tracking Software Benefit Your Business? Many freelancers bill on an hourly basis, so it gives you the ability to accurately track how much to bill each client. Time tracking software can also be handy for self-employed individuals. You can also have employees track specific projects they’re working on, so you can see where their time is actually going. You can get a sense of who is on time and who is late. With time tracking software, you collect data on your employees’ work habits. Instead of working with manual time sheets and time cards, your employees clock in and out using the software. Time tracking software takes the guesswork out of doing payroll. Read on to find out more about the benefits of this software as well as the top picks for digitized time trackers. Time tracking software can streamline your payroll processing. The worst-case scenario is a potential lawsuit. At a minimum, you could end up with a disgruntled employee. The last thing you want to do is violate federal or state law. Without proper time tracking, you could easily miss paying an employee overtime. Federal law requires you to pay overtime pay to employees who work more than 40 hours per week. If your payroll isn’t processed correctly, it can also cost you money. Best Time Tracking Software – What You Need to KnowĪre you looking to purchase time tracking software? Here’s what you need to know about the best time tracker software solutions.Īs a business owner, you’ve seen how payroll processing can eat up valuable time.
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