7 Reasons Why Your Business Should Use Billing Software

To achieve growth and success, businesses should complete their projects, workloads, or activities on time and ensure that they get paid by their clients quickly. This requires them to implement an optimized and streamlined billing process in which they can easily record and monitor the number of hours spent by their employees on jobs or tasks, effortlessly collect expense reports, create accurate invoices that they can send to clients in a snap, and perform accounting functions with ease. HMore....

Posted by : Shailender Kumar  |  Posted Date : 09-04-2019

Top 10 Tips for Accurately Estimating Your New Project

One of the biggest roadblocks for the successful completion of a project is the lack of proper estimation. At times, project managers tend to under-estimate or over-estimate a project. Estimation, thus, is a critical aspect of project planning, which mainly comprises of a quantitative guesstimate of project resources, costs, or duration. It’s quite tricky to pinpoint accuracy of costs, time, and effort; but if done correctly, it can mitigate risks and guarantee the success of your new prMore....

Posted by : Shailender  |  Posted Date : 08-19-2019

AccountSight New Enhancement For July 2019

Restrict Time Entry For Advanced Pricing AccountSight Advanced Pricing option gives you more power and precision to set different billing rate resources of varied skills for the same task. Also, you can set the billing rates date based effectivity for the Project – Task – Resource combination. Before this change: You could only set one rate basis: either project–person or project-task based, and there is no date based effectivity for rates. If you needed date-effectiveMore....

Posted by : Shailender  |  Posted Date : 08-08-2019

Recurring Invoices: What Are the Benefits and Should You Use Them?

The modes of payment have modernized with time. In the former times, the products and services availed on the reception of the payment. But payment collection for regular goods and services portrayed its challenges. There is a considerable and enormous flow of products and services daily. It is not always viable for business administration to pay traders or merchants on time. Surveys conducted in the recent past showed that it had cost a few companies a fortune.  Modern business came More....

Posted by : Himanshu Singh  |  Posted Date : 07-30-2019

What sectors must use time and expense tracking solutions

Time-tracking guarantees real-time visibility into projects and reveals critical operational metrics, which otherwise would remain hidden. Time tracking is vital for budgeting, estimating, benchmarking, and compliance. It makes organizations more productive, teams more effective, and businesses more profitable. So, with all these perks, what are some of the industries that can benefit from the use of time tracking software are: Consultancies Whether you work as part of a firm or independentlMore....

Posted by : Admin  |  Posted Date : 07-09-2019

Why tracking time is crucial for professional service companies

If history sets a precedent, maybe the most notable profit drains of business profitability are unbilled expenses and time. For many years, inefficient and outdated methods of tracking time and expenses have cost professionals such as accountants, designers, architects, lawyers, and consultants millions in uncaptured profits.  At times, the losses can be huge because, a significant percentage their input - collaborating, consulting, etc. – is usually invisible, despite its significanMore....

Posted by : Admin  |  Posted Date : 04-28-2019

7 marketing strategies used by successful consultants

Once your practice is established, it is time to begin marketing your services to prospective clients. After all, your consultancy firm needs to attract enough clients to stay in business. However, you must be aware that, marketing your consulting services is very different from selling a tangible asset such as a house or a car. Think of it this way; your job is more difficult because you are selling a service to people who may not even know they need that service. In this post, however, we wMore....

Posted by : Admin  |  Posted Date : 03-13-2019

10 Essential reasons to use online time tracking and billing solutions

Whether you are a contractor, an independent consultant, a small business, or a large corporate entity that pays its employees by the hour or bills its clients based on time, investing in a system that tracks all your billable hours is exceedingly essential. Well, here, we are not talking about the inept, manual tracking systems that some organizations still insist on using. You are clearly aware that, manual tracking of time is awfully unreliable and inefficient: it's tedious, error-prone anMore....

Posted by : Admin  |  Posted Date : 11-05-2018

5 top sites to hire freelancers and independent contractors for any project

Even for companies with a stellar full-time workforce, situations usually arise where short-term external help is required. Large-scale projects, therefore, might demand additional employees if at all deadlines are to be met. Alternatively, specialized projects may require unique expertise not available in-house, further justifying the need for skilled temp workers. If you can articulate the expertise and skills you need, websites or online portals that pool freelance talent can really help yMore....

Posted by : Admin  |  Posted Date : 08-24-2018

5 Tools to Make You a Better Project Manager

Whether you are new to project management, or you are primarily looking for some simplified, modern ways to revolutionize processes in your organization, there is a range of project management tools that you can take advantage of nowadays. For all your project management needs, start managing smart by investing in some of the following tools. 1. Evernote Business Evernote Business is a cloud-based tool, which project managers can convert into whatever they need it to be – a document rMore....

Posted by : Admin  |  Posted Date : 07-23-2018

How Integrating Time And Attendance Software With Payroll Benefits Your Organization

You as the manager or owner of an organization, have much more important things to do than dealing with payroll and timesheets every so often. Do not get the wrong impression; these are decisive components of your business procedures. But, that is perhaps the best reason why integration of your payroll processes with time tracking system, is important - to make work easier for those involved. First, let us look at some of the challenges that organizations run into when preparing for payroll: &More....

Posted by : Admin  |  Posted Date : 04-23-2018

6 Key Benefits Why Nonprofits Should Embrace Time Tracking

There is nothing straightforward about managing a nonprofit organization. It takes much effort to seek funds, hire and retain workforce, and in the long run, deliver on your mission. Perhaps you are working towards improving education, reducing poverty, conserving the environment, or advocating on behalf of a spiritual, religious, or political movement. Regardless of your calling, it’s certain that some of your laudable efforts will be more visible than others. Therefore, how do you know More....

Posted by : Admin  |  Posted Date : 04-17-2018

How organizations use tracking and billing tools to effectively manage their remote businesses

Nowadays, remote and virtual businesses have become very popular, and managers can oversee their companies’ operations regardless of where they are. Modern technological innovation particularly has provided the business world with fresh ideas for better collaboration and communication. However, as simple as it may sound, various factors determine if a business operating remotely will succeed. For instance, there is a strong correlation between technology and remote business. In fact, anMore....

Posted by : Admin  |  Posted Date : 03-18-2018

How Agencies Benefit From Investing In A Time Tracking Software

Running an agency without keeping an eye on time? It is technically doable; however, it is absolutely not ideal. For many agencies (if not all), profitability is tied to the number of hours they can bill out to customers every week or every month. And for this to be attainable, employees must correctly track and record time spent completing customers’ projects. Time tracking also provides agency managers and owners insight into the profitability and efficiency of services, projects, and sMore....

Posted by : Admin  |  Posted Date : 02-26-2018

Time Is What Organizations Want Most, But What Many Use Poorly

Peter Drucker, a renowned management consultant, once said: “Time is the scarcest resource, and unless it is managed, nothing else can be managed”. Good time management in an organization increases productivity, as vital projects and tasks tend to get done first and on time. With that said, here are three key strategies organizations can employ to ensure their time is managed and utilized effectively? Setting priorities and goals Setting goals and priorities help organizations idMore....

Posted by : Admin  |  Posted Date : 02-19-2018

5 Benefits of Effective Project Expense Tracking and Reporting

Tracking the amount of money spent on the projects is important to invoice customers and determine the cost & profitability analysis when your company is providing services to another company. On the other hand, expense tracking or internal project is important for cost and ROI calculation. Understanding how this money is being utilized across the project is such a significant issue. The consequence for not properly tracking and reporting project expenses may lead to a budgetary issues. More....

Posted by : Admin  |  Posted Date : 01-01-2018

5 Essential Benefits of Project Time tracking

If a lack of visibility on how time is spent and managed is a problem for your business, then time tracking is simply the best way to curb this predicament. It makes employees or project teams more effective, companies more prolific and businesses more profitable. On some days, project managers may precisely know what their employees are doing; however, on the more hectic days, this may not be possible. This is definitely the case with larger project teams. Time tracking is known to drive valMore....

Posted by : Admin  |  Posted Date : 12-13-2017

The significance of effective project planning, resource allocation, and time tracking for organizations

In today’s global economic setting, with more projects and dwindling budgets, Project Managers are required to do more with the few resources they have on hand. First, with the commencement of any project, the primary task is to have a realistic plan. When that is ready, you move on to creating a comprehensive list of activities and include them in your project plan. Afterwards, you figure out the kind and the number of resources to allocate to the said activities. The way you allocate More....

Posted by : Admin  |  Posted Date : 12-11-2017

Overtime Rules and How Automation Helps During Time Tracking

Of all the numerous human resource management operations, time and attendance recording are deemed to be the most exasperating and tedious tasks. This is because; a lot of companies still favor the manual system of monitoring time and work attendance of their employees. However, with the changes in the (overtime rules) Fair Labor Standards Act (FLSA), that took place on Dec 1st, 2016, this is certainly the best time to invest in an automated time tracking system. Intricate employee overtime rulMore....

Posted by : Admin  |  Posted Date : 12-04-2017

AccountSight Named a Top Simple to Use Time Tracking Tool by G2 Crowd

AccountSight has been identified as a top five most simple to use time tracking software, based on hundreds of reviews on time tracking apps from real users like yourself, with data collected on aspects such as Ease of Use and Ease of Setup. AccountSight ranked at the top of three satisfaction categories. It scored a ninety-nine percent Ease of Use, a ninety-seven percent Ease of Admin and a ninety-five percent Ease of Setup. AccountSight has 15 reviews overall and was named a High Performer inMore....

Posted by : Anita Bist  |  Posted Date : 10-31-2017

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