subject: Web Based Time Tracking Solutions [print this page] Web based time tracking solutions are the best new age solutions for streamlining organizational processes especially those related to time tracking for billing. Most web based time tracking softwares are available with basic time collection features and various reporting functionalities. The main functionalities of a time tracking software solution includes time tracking and reporting, project as well as task management, and user schedule.
The salient point of using web based time tracking solutions is that you can get summarized and detailed reports on the following:
Time expenses created based on billable as well as non-billable tasks
Time expenses created depending on the type of billing
Tracking the total time spent by each of the employees
Tracking the total time spent on each of the clients
A summary of daily overtime as reported by any of the users
Billing reports in web based time tracking solutions can be created based on day/month, set of completed tasks, clients, and even employees. Reports can be created for billable as well as non-billable tasks and will be different for different customers. The reports can also vary depending on the type of projects or tasks. A top of the line web based time tracking software will be able to filter the non-billable tasks within billing reports and ensure that they are not included into the actual invoice data export. The software solution for time tracking can also help in assigning billing type to each of the billable tasks. Using the software, you can customize the type of billing in accordance to your current accounting system.
Another important aspect of the web based time tracking solutions is that it can help you to calculate overtime as well as under-time and also create reports based on facts. Most often than not the value of overtime or under-time is calculated based user wise and it totals as the difference between what you report as time expense for a particular day and the duration of a workday specified for the user in question. Normally negative values are considered as under-time. This value determines the fact that a particular user has reported less time expense vis--vis actual time expenses. On the other hand, positive values are considered as overtime. This basically means that a user has reported more time expenses vis--vis what the user was supposed to deliver on a particular day.
Web based time tracking solutions can provide a simple and clear way for their users when it comes to calculating overtime or under-time values and collect these values to enhance analysis and future reporting. Some of the top time tracking solutions not only offer time tracking and billing but also help in optimizing overall team or organizational productivity. Basically, when you are tracking time and billed hours of each employee then you will be able to identify the employees whose billable hours are higher or lower. Accordingly, you can define parameters so that each employee gives as many billable hours required or more. This will help in streamlining organizational process.
