Time tracking software is a tool used by businesses and organizations to keep track, analyze and document the hours worked by employees in order to precisely record actual billable hours. It can be used by HR managers, freelancers, external teams and employees to accurately record work hours for billing purposes, payroll and invoicing.
Using free time tracking software, organizations can keep track of more than just hours worked. It can provide additional data like employee/team efficiency and productivity, which can be very useful in determining the performance of teams as well as individual workers. Departments like project management, payroll and accounting, team collaboration and communications can all benefit greatly from using a proficient time tracking platform that can analyze and record this information.
Time tracking platforms, whether they’re paid or free-to-use, can provide valuable insights into working hours and staff productivity. The platform helps give a broad overview of how time is being spent by your employees and external teams and assess and analyze how much time being work is productive and efficient.
When used efficiently, time tracking software can help businesses track billable hours, set accurate budgets for future projects and find out where employees can be more efficient and productive with their time. This information is valuable to human resources and project managers, as it can be used to increase productivity, find out where time and resources aren’t being utilized properly and ensure that processes can be put in place to ensure that workflow and productivity can be improved based on the data gathered.
When it comes to choosing a free time tracking platform, the features should be considered when choosing the right option. Most platforms offer time and hours worked tracking, accounting and payroll integration and invoice management, as well as time scheduling, reporting and analysis features, overtime tracking and mobile applications.
Smaller businesses, individuals and startups who employ freelancers and external teams can utilize a free time tracking platform to monitor activity and performance, track expenses, manage payroll more efficiently, create more accurate billing for clients and projects, keep track of employee productivity and help accurately pay freelancers and external teams based on hours worked and integrated productivity metrics.
TSheets, a popular free time tracking software, allows you to easily track time/work hours using any device, streamlining payroll and invoice management. Some TSheets features include scheduling, real-time interactive reporting, overtime automation, accounting and/or payroll software integration and time clock app for iOS and Android.
Time tracking software offers businesses a number of benefits, all focused on improving productivity, time tracking and accurate recording of working hours.
Improved payroll management – Most free time tracking solutions are capable of more than tracking employee work hours. They come with timesheet features that human resources can use for accounting and payroll purposes and time tracking software can help businesses avoid overpaying employees, helping them save money and reducing unnecessary expenses, allowing resources to be allocated elsewhere.
More accurate invoicing/client billing – having a record of actual worked and billable hours allows for businesses to accurately create invoices and help bill employees and businesses correctly for their time. This gives businesses greater professionalism and reliability that employees will be paid correctly and accurately for their time worked.
Increased productivity - Analyzing the data gathered can help HR and management determine whether time is being used productively and efficiently by employees and whether changes need to be made to workflow and processes to improve this. Staff who are working at a high level can be accurately rewarded for their work and help increase motivation and engagement with your entire employee base.
All businesses can benefit greatly from using free time tracking software, as they help increase productivity in employees, accurately record track time spent working and track precise worked and billable hours by external teams.
Time tracking software also helps improve payroll and accounting processes, help businesses reduce their expenses and accurately track unnecessary expenditure, helping businesses save money, time and resources.