Where does the time go? No matter if you need to know this for billing purposes or just want a better idea of how a work day is divided up, that question can always be answered with time management software. Web-based time-tracking software is an easy, affordable way to accomplish this.

Time Control? Time Management Software

If you work from home or a small start-up business, the issue of time-tracking may of a great deal of importance to you. Time tracking as the name would suggest, is a tool used to track how a worker’s time is spent. So, why is this important? There are so many distractions in the workplace, not to mention cyberspace. Between chatting with co-workings, social networking sites, entertainment sites, and the like it is easy to get distracted. When there are distractions, production suffers.

Again, time tracking is very important. One reason is a financial perspective in that it helps individuals with billing and payroll. It does not matter if you work on a fixed fee basis or if you are salaried, you will want your employer or contractor to know just how much time you will spend on a project.

Consultant Management

Conversely, if you are hiring a consultant or freelancer you want to ensure that they stay under budget. Time tracking software helps you monitor your time and budgets. This can give workers an idea of limits and to work within those limits. You will be able to get a better idea of profitability when you are able to match revenue to expenses.

Time-tracking software helps you to determine if you are over-staffed or understaffed. Many employers shy away from time-tracking because do not want to feel like they are micro-managing staff. However, if you are able to see, in real numbers just how much time is spent on projects, you can determine if you need to shift responsibility to other workers, hire additional workers, or lay-off workers who were not either utilizing their time efficiently or they did not have much to do and the bottom line did not justify them remaining on payroll.

If you own a small company you may not be able to afford expensive software packages. Web-based software is a less expensive way to keep track of your employee’s time. Again, even a hard worker can sometimes get distracted or not accurately account for time on a job. Additionally, you do not want to be underpaid for your services or over pay for a project, time management software is an ideal investment.

The best investment in time management software is in getting a software solution that has everything that you need. Low price, web-based, fast project creation, easy to use and built in collaboration tools. There’s software like that and it just takes a month or two of a free trial to find out if the software package is exactly what you need for your business.