Timesheet Software Helping in Time Billing and Expense Tracking for Projects

Many organizations are dealing with the projects whose day to day and time to time recording is required. The management of finance projects and that of the software development related projects needs proper attention and care in order to calculate the time worked on the project and the expenses incurred during the accomplishment. For the reason the introduction of Timesheet software has reduced the workload from the employees, of manual calculation and transferred the load on the computer/application. Timesheet software helps in the management of the time and employees efficiently.

Time Billing Saving Employee’s Time

Best features offered by the timesheet software are Time billing of the employees and the expense tracking of the project. Time billing allows the employees to keep the records of the hours they worked on all the projects and tasks assigned to them. Using these records the invoice of the client is created by the application and they are fetched with all the billable entries of the time billing and expense sheet of the project. The application makes use of the smart logics and does not select the already billed entries in the invoice again. Managing Time Billing using the billing software online is very easy and simple than ever before.

Recording the Expenses in Minutes

Another important feature offered by tracking software is the tracking of expenses that are incurred and hence minimizing the chances of errors and mistakes. A lot of time of the employees for working on other assigned jobs is saved by using the software for managing the expense sheet of all the projects assigned to them. Prior to the frequent use of online timesheet application, the process was very time consuming as the employee first creates the expense sheet, then forward it to the authorities for approval and they then, send it to the client for clearance. All this is now done using the application online and rapidly without any wastage of time.

Selection of Tax Options for the Invoice of the Clients

When managing the expenses online, it gives the choice of selection of the predefined tax options for the expenses and also the manual input for the tax expenses on the invoice of the client. The tax options can be configured on the basis of the policies and laws of specific regions. The expense sheet sometimes requires to be approved by more than one supervisor of the project and hence expense tracking allows doing so for the effective tracking of expenses of the job.

Various Features of Time Billing and Expense Tracking

Along with the expense sheet the employee is allowed to attach the particular receipts of the expenses entered in the expense sheet. Memos about the tax laws and others can also be sent to the client with the invoice for details. Whenever an employee sends the expense sheet or time billing for approval the supervisors are notified via an e-mail and after approval the employees are notified.