What is time tracking software? Would some kind of time tracking software be right for you or your company? These are a few of the issues that surround the integration of time tracking software like TSheets and are the the topics of this discussion.

What is Time Tracking Software?

According to wikipedia time tracking software is accounting software that is used to maintain timesheets for each person in a company.

Is Time Tracking Software Right for Me?

Whether you are an individual interested in making sure your time is spent wisely or an employer looking to make your company more profitable, using some kind of time tracking software is a necessity. Having an accurate time tracking system is an invaluable asset to your company and personal life.time tracking system

Many companies start with using some sort of honor system, whether it is paper timesheets or an excel document that employees manually enter their time into. Until recently, it was very expensive for employers to be able to afford more accurate methods of time recording. Employers didn’t realize the amount of money they were loosing from traditional rounding methods and the amount of money they were spending on the extra time it took them to collect, compile and calculate their employees’ time. These two items alone have the potential of equating to thousands of dollars every year. Now, individuals can record their time for free and a business owner can use time tracking software for as little as $9.95 a month.

The Impact of Time Tracking Software

If you’re an individual looking to manage your life better, time tracking software will bring clarity into where your time is being spent and how, and where you need to change your routines. If you’re an independent contractor your clients will appreciate the accuracy and the clear look into what they’re spending their money on. If you’re a business owner, time tracking software will bring a higher level of efficiency and profitability to your organization.