Stay on Top of Your Time
Time Tracking Guide
Despite the "time is money" adage, most of us don’t stop and take time to assess how we have used every hour, minute, and even second of our workday. That’s because tracking our time is a challenge given the fact that none of us work in a singular way.
Time Tracking for Billing, Productivity, and Compliance
A time tracking tool was designed to provide you with a way to accurately gauge how long it takes you to complete your project work for clients as well as assess how others on your team are using their time and ensure compliance with labor laws.
This comprehensive payments platform is designed to assist freelancers and small business owners. We have added other tools and features designed to account for all time and money associated with your business to maximize the value you get out of both revenue and non-revenue generating tasks.
By raising your productivity, we can help you increase your profitability and enhance your ability to take on more to realize further revenue opportunities.
Our time tracker tool provides exceptional benefits for your business:
Reach and engage a wider target audience
The majority of consumers and businesses expect to use their debit cards or credit cards as payment methods. If you don’t accept these in your business, then you are missing opportunities for more revenue because these potential customers or clients will go elsewhere.
By adding online credit card processing to your payment methods, you will be more likely to add business and close more leads than just accepting cash and checks. This is especially important if the majority of your transactions are online or you are a freelancer that works in a virtual environment.
Get paid faster
Research has shown that invoices get paid up to 11 days faster when you accept credit cards. Customers and clients want to get the task of paying an invoice over with as quickly as possible because they have more important things to do.
By using their credit card, they can finish in minutes rather than taking much longer to write a check, fill out an envelope, and mail it. The faster you get paid, the more cash you have available for your business needs.
takes less than 2 minutes
THE ULTIMATE GUIDE TO THE
The most valuable asset that a company possesses is the one that every business owns in equal amounts. Whether the firm is a multinational with hundreds of thousands of employees or a single proprietorship consisting of one person, a laptop and an up-to-date version of Photoshop, both businesses have 24 hours in a day. Each member of staff will have eight to ten hours each day that they must convert into profit.
The owner’s and their employees’ ability to convert those seconds and minutes into cents and dollars will depend entirely on what they do in that time.
Clearly, some work is more valuable than others. Jonny Ive’s ability to dream up new designs and figure out how to incorporate unique features into Apple’s products in innovative ways, turns his time at the office into millions of dollars every year for his employer.
A teenager whose job is to ask customers if they want “fries with that” might be able to turn an hour into little more than ten bucks. (Not knocking this work. All hard work and effort is honorable.)
Knowledge is valuable, and the abilities that someone can bring to an hour of work will determine how much revenue the company can generate, and how much they can earn during that time.
But there’s another factor that helps to weave time into money: efficiency. The better use someone makes of their work hours, the more they can squeeze out of each hour.
The goal for companies, for employees, and for freelancers should always be to work at their most efficient, to make better use of the time they have at the workplace and to maximize the money their efforts generate in the time they have available.
That need for efficiency isn’t new. At the start of the twentieth century, Frederick Winslow Taylor pioneered the use of scientific management. He watched how workers made iron pigs at steel mills, inspected bearing balls, and shoveled iron ore onto railroad cars. After counting their productivity, he recommended changes that he believed would enable them to work faster and better.
Taylor watched what people did in the hours they were at work. Time clocks that measure how long employees are at work date back to the 1890s.
New York jeweler Willard Le Grand Bundy patented a mechanical time recorder that automatically noted when employees arrived at work and when they left.
Those time clocks were intended to help bookkeepers and employers calculate the amounts of money they needed to have on hand in order to pay employees who earned an hourly rate, but later they would have another effect, too.
The time clock began to identified employees who arrived late and allowed businesses to spot staff who tried to leave early. The clocks at that time didn’t improve the efficiency of the staff during their time at the workplace; a shop assistant kept at work by the loss of wages if they clock out early might still have been leaning on a counter with nothing to do in an empty showroom. But the time cards would have made sure that the business was at least getting the full attendance it was buying for the weekly wage.
Today’s time-tracking software and the evolution of Taylor’s scientific management mean that companies, employees and freelancers can now do a lot more than improve workflows, record the amount of time spent in the workplace, and make sure that workers stay at their desks. They can actually measure productivity. They show what someone manages to get done each hour they’re at work.
Time-tracking software has come a long way since Willard Le Grand Bundy figured out an automatic way to stamp time on paper cards. Time-tracking has become much more sophisticated too, than the thumb scanners that stand near staff entrances today.
Time-trackers can reveal what someone is actually doing while they’re at the workplace. The time-tracking software that we provide at Due provides a long list of features that go far beyond simply tracking time—and most importantly they don’t just bring benefits to businesses and business owners.
Time-tracking also benefits staff, who can earn the rewards they deserve for the hard work that they do. And tracking time can help freelancers, who can work more productively and charge clients a fair rate for the efforts they make on their behalf.
Due’s time-tracking software tells businesses and freelancers how long they really worked on a project for a client. Tracking provides an easy and accurate way to create accurate and transparent bills, and they generate estimates that reflect the true amount of work involved. Clients always know exactly what they’re paying for, and small businesses and freelancers are always paid the right amount for the time they worked.
Combining the time tracker software with invoicing software makes creating invoices as simple as clicking a button. There’s no more need to note hours, add them up and paste them into a bill (often with mistakes and omissions.) Time tracker software makes that process both automatic and accurate.
Of course, time tracker software shows the productivity and use of time, delivering analytics that can improve processes and raise productivity. For businesses, staff and freelancers that means a more efficient use of time, and higher incomes.
In this guide, we’re going to look at how time trackers work. We’ll explore the different ways in which time can be measured in the workplace and we’ll look at what those differences mean for the businesses that use time tracking software.
We’ll then explore how to introduce time tracking software. No employee likes to feel that their boss is looking over their shoulder, and even freelancers can be reluctant to use anything that records all their micro-breaks and Facebook time.
Staff, though, will be happy to use time tracker software… provided a good argument has been made for their use. We’ll look closely at those arguments and explain how to present them so that time-tracking comes to be seen as a tool that benefits everyone and not just the company.
And finally, time tracking software delivers valuable data. It shows what people really do when they’re sitting at their desks and turning time into money. In the last chapter, we’ll explain what you can do with that data to squeeze more dollars and cents out of every minute and second of your workday.