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Accountsight Blogs

What are Timesheets and How Do They Function?

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14 February, 2024
A timesheet is a method of recording and monitoring an employee's work hours in a structured manner. Businesses commonly use Timesheets to track the time allocated to projects, clients, or tasks. In today's ever-evolving technological landscape, businesses have embraced digital timesheets, replacing the traditional paper-based ones. Timesheets are a must-have to track the time and [...]Read More

7 Proven Strategies for Encouraging Employees to Complete Timesheets

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14 February, 2024
Due to low timesheet adoption rates, businesses have a significant challenge when attempting to assess staff productivity, project expenses, and profitability effectively. Incomplete data, incorrect invoicing, and lost income can result when employees neglect to submit timesheets. On the other hand, it can make it harder to assess workers' output and find places for growth. [...]Read More

Secure your company’s financial growth as you strategize and plan for 2024 with AccountSight

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28 December, 2023
Ensuring a successful start to 2024 requires a proper closure of the year 2023. It's likely that your firm implements these practices consistently, not just at the end of the year. However, it's important to review this checklist to ensure you address the essential activities that may impact directly your firm's financial well-being as you [...]Read More

Track utilization rate and drive your team toward profitability!

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28 December, 2023
Given the ever-evolving market landscape and shifting customer preferences, it can be challenging to prioritise profitability amidst these ongoing complexities. However, maximising profits is not just a standalone objective. Instead, it is a crucial aspect of managing your company. There are various strategies you can put together to optimise the resources you have already allocated. [...]Read More

Improve project estimations and profitability for Architects!

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13 December, 2023
Architects skilfully manage intricate designs and client demands, all while working under strict time constraints. Mastering time management becomes crucial as the profession's demands continue to grow. This is why using time-tracking software for architects has become essential, transforming how they handle projects, optimize workflows, and stay ahead in the industry. Being an architect is [...]Read More

Employee Time-Off Review and Year-End Closing Events

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13 December, 2023
As the year ends, it is crucial to finish the year-end close activities for the employee leave management system. This will help ensure a seamless transition and successful launch. AccountSight streamlines this process with features tailored to automate manual tasks. A comprehensive five-step checklist is available to assist in maintaining organization and concluding the current [...]Read More
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Plan your Work Schedules with AccountSight

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Resource Forecasting and Planning
30 October, 2023
The implementation of work schedules is necessary to manage corporate operations effectively. In general, a work schedule serves as a tool for coordinating employee work shifts and managing the allocation of working hours. This feature is particularly advantageous when one oversees a substantial workforce or runs a firm that constantly needs individuals. This article aims [...]Read More

CapEx vs. OpEx – Which Option is Preferred by Businesses?

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11 October, 2023
Companies incur a wide range of fees and expenditures while operating their enterprises. These expenses may be one-time or ongoing, and keeping track of them all may be challenging. How, therefore, do they manage to maintain tabs on everyone? Capital expenditures (CapEx) and operational expenditures (OpEx) are typical ways to classify business costs. In business, [...]Read More

Time on your side, Accounting simplified!

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11 October, 2023
Accounting is a substantial endeavour, whether affiliated with an accounting firm, serving as a company's Chief Financial Officer (CFO), or managing a small business. Time monitoring is a singular obligation that is a matter of minimal concern. By following these straightforward recommendations, monitoring time during accounting may be internalized as a habitual practice. Concurrently, it [...]Read More

Replace Spreadsheets with Customized Solutions

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9 August, 2023
Spreadsheets have played a significant role in the business landscape for several decades. In the pre-digital era, prior to the advent of Excel and Google Sheets, organizations relied on physical worksheets and spreadsheets as valuable tools for managers to gain insights into intricate business processes and compile financial reports. Spreadsheets can be made to do [...]Read More

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