Whether you are a contractor, an independent consultant, a small business, or a large corporate entity that pays its employees by the hour or bills its clients based on time, investing in a system that tracks all your billable hours is exceedingly essential.

1. What are online time tracking
advantages for firms

2. Whether you are a contractor, an independent consultant,
a small business, or a large corporate entity that pays its
employees by the hour or bills its clients based on time,
investing in a system that tracks all your billable hours is
exceedingly essential. You need a modern online time
tracking software that can effectively prevent any leakage
of revenue, as well as wastage of resources.
There are quite a number of reasons, why organizations
should invest in time tracking solutions, let's find out in
next slides.

3. Enable your employees to take ownership of the project
they are working on by introducing an online time tracking
tool. Team members can enter the time taken to complete
each assignment and most notably, be able to gauge their
own performance. They can as well turn the whole
process into a personal challenge, where they try to beat
or exceed their previous accomplishments. As you might
be aware, engaging your employees with their own output
or productivity allows them to appreciate their efforts.
1. Gives your employees a better focus

4. Many employees can make an educated guess of how long
it takes them to complete certain assignments. But a
rough estimate or approximation cannot be compared to
an accurate log. Actually, if you don’t record the hours you
spend on a particular assignment, you can’t bill for it.
Remember, it not just a labor law requirement, but it’s
also ethical that clients are billed correctly.
2. Tracking time optimizes client billing

5. How many hours have your team members worked? Are
they entitled to overtime pay? It’s very important that
companies with non-exempt employees, track time.
Normally, this is to ensure that all overtime hours are
documented, and payroll is correctly distributed. If team
members don’t properly track time, it can lead to lawsuits,
fines, and unnecessary disruptions in the office.
3. Guarantees overtime compliance

6. With an online time tracker, managers can use the
milestones, calendar, and staff allocation features to come
up with adjustments to certain schedules. Normally, this
enables them to easily re-allocate hours and change
deadlines for high-priority and pressing projects.
4. Easily prioritize projects

7. With a cloud-based time tracking solution, your
employees will be able to conveniently and correctly enter
time, regardless of where they are. Everyone can have
access to a cloud-system that is instantly-updating, from
their chosen device – Smartphone, tablet or laptop.
5. Track time anywhere, on different devices

8. Website - https://www.accountsight.com
Email ID - info@accountsight.com
Phone No - (408) 560-3900
Contact us for Time and Attendance Tracking Solutions!!
Source - https://www.accountsight.com/blog_detail/10-Essential-reasons-to-use-online-
time-tracking-and-billing-solutions/