For 63% of small businesses, their revenue in 2024 is still lower than it was in 2019.
Although we’re coming out of the pandemic and the economy’s returning to normal, it’s still difficult for small business owners to streamline their operations. And it’s more important than ever to do so; otherwise, they might go out of business.
One area to tighten up is payroll, and you can do so with an employee time tracking system. If you’re interested in hearing more, then read on for the benefits you can get from employee time tracking.
Easier Billing
When your employees are tracking the time spent on a project, it’ll be easier to bill clients afterward. Employee time tracking software will tally up everything neatly, so all you’ll have to do is send the invoices onwards. You won’t have to bother with making calculations, as the software will do it for you!
Better Payroll Process
Not only can you invoice clients easier, but you can also do payroll faster as well. Say goodbye to most of the manual data entry you had to do before!
The only thing you’ll need to do is enter employee information, such as their names and hourly wages. The software can then take care of everything else, which will free up your time!
Improved Productivity
When your workers have to track their work time, it’ll make them more accountable. Just knowing that the clock is ticking in the background can motivate them to stay on track better.
Not only that, but you can check out your team’s workflows. By identifying the weak points, you can make suggestions and changes that’ll move projects along quickly.
More Convenience
Traditional time cards and clocking in/out methods are pretty limiting. It’s very easy to clock in or out if the only station to do it is somewhere inconvenient.
Employee time tracking software and apps allow your workers to punch in and out from their smartphones. This can make things like construction time tracking easier, especially if employees are out “in the field” and far away from any other devices.
You or your managers can then review these logs from your own devices. There’s no need to share phones or computers, and you don’t even need to be in the same area!
Better Accuracy
Because it’s easier to log hours, payroll will be more accurate. It’s not uncommon for people to forget to log breaks and early days, especially if they’ve got busy schedules.
Employee time trackers ensure everyone’s paid exactly what they’re owed.
Utilize an Employee Time Tracking System for Your Business
As you can see, an employee time-tracking system comes with so many benefits. And these aren’t even all of them, either!
So, spend a little money on an employee time-tracking app to boost your business. It’ll be worth it to enjoy all the advantages that come with using one.
What are some examples of employee time-tracking software that small businesses can use?
Managing time efficiently is crucial for the success of any small business. Fortunately, there are various employee time-tracking software options available, designed to streamline the process and enhance productivity. Let’s explore some examples that are particularly suitable for small businesses:
1. Toggl:
Key Features:
- Intuitive and user-friendly interface.
- One-click time tracking.
- Detailed reports for analyzing productivity.
- Integration with popular project management tools.
2. Clockify:
Key Features:
- Free plan available.
- Versatile time tracking with project and task categorization.
- Billable hours tracking for client billing.
- Team collaboration features.
3. Hubstaff:
Key Features:
- GPS and location tracking for remote teams.
- Productivity monitoring with optional screenshots.
- Invoicing and payroll integrations.
- Automated employee payments based on hours worked.
4. Harvest:
Key Features:
- Easy time tracking with a simple start/stop button.
- Expense tracking for accurate project costing.
- Invoicing functionality with customizable templates.
- Team collaboration tools.
5. TimeCamp:
Key Features:
- Automatic time tracking for computer activities.
- Comprehensive reports and analytics.
- Budgeting and invoicing features.
- Integration with various project management tools.
6. Zoho Projects:
Key Features:
- Time tracking integrated into project management.
- Task and milestone tracking for project deadlines.
- Collaboration tools for teams.
- Invoicing functionality.
7. Paymo:
Key Features:
- Time tracking with desktop and mobile apps.
- Project management tools for task organization.
- Invoicing and expense tracking.
- Team collaboration features.
8. Wrike:
Key Features:
- Time tracking integrated into project workflows.
- Visual timelines for project planning.
- Customizable dashboards for reporting.
- Collaboration features for teams.
9. DeskTime:
Key Features:
- Automatic time tracking for applications and websites.
- Real-time productivity tracking.
- Project categorization for accurate reporting.
- Absence and vacation tracking.
10. Time Doctor:
Key Features:
- Time tracking with optional screenshots.
- Website and application usage monitoring.
- Integration with various project management tools.
- Payroll and invoicing features.
If you’d like to keep learning about how to run your business more efficiently, then check out more of our blog pages now!
