Manually maintaining timesheets is not only a cumbersome task, but also results in complete wastage of time and effort, if you do not have the accurate data of the billable hours. To avoid such situations, it is better to rely on a time tracking software, which delivers maximum level of efficiency and saves you from underbilling your clients. In addition, there are many online platforms that integrate time tracking with invoicing in one single software to help you save time and generate unlimited invoices with just a few clicks. If you are still doubtful about using them, here are a few reasons why time tracking solutions are essential for the day-to-day operations of a business.
Accurate time tracking
This is the basic yet the most important feature offered by all types of time tracking software solutions. With this feature, it becomes extremely convenient to capture billable hours and create an easy to understand record. By using such tools, project leaders can keep an eye on the progress of all the projects and can monitor the performance of each employee. Also, the previous time record of a specific project can assist in devising better strategies for an upcoming one.
Save time and effort
With the help of a time tracking tool, the employees no longer have to waste an entire day calculating the number of hours they devoted to a single project. Additionally, manual time management creates a bigger problem when it comes to tracking the time spent on multiple projects. Hence, with automated timesheets, the struggle to keep a track of billable and non-billable activities get completely eliminated. Most importantly, the accuracy of an invoice truly depends on the time calculated by the software and this makes it a basic requirement to equip the business with such incredible solutions.
No scope for human errors
By using time tracking software, all the processes associated with billing are executed correctly and without leaving any scope for human errors. Given the importance of invoicing, any miscalculation in billable hours can result in mistrust between the client and the business. For this reason, the software records the total time from the beginning till the end of the project and forms reports that can be viewed by both the parties, especially in case of any conflict.
Converts miles and kilometers into time
While searching for the best time calculating software, the business owners or the freelancers may come across many tracking tools that can seamlessly calculate the miles or kilometers an employee travels to perform different on-site tasks associated with a project. This smart feature not only converts the distance into time, but also adds it to the invoices, before sending them to the clients so that even they can get a clear idea of what they are being charged for.
Conclusion
To sum up, invoicing can be a daunting task for every small business owner. However, with time tracking software, you can get paid faster and for every minute you devote towards the completion of a project. Whether it is about managing timesheets or converting miles into time, the time tracking tools allow you to assess how and where you spend your time.
