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5 Time Tracking Apps for Small Business

5 Time Tracking Apps for Small Business

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Time is the most valuable resource for small business owners. But to adequately compensate for your time, you need to track how you spend it. Here are the five useful time-tracking apps for small business needs.

  1. Toggl: Toggl offers the ultimate simplicity; click to start the timer when you begin a task, and click again to stop it when you end it or take a break. Toggl also creates visual reports that show you how you and your employees are using your time and which projects are the most profitable. Toggl integrates with popular project management apps such as Asana, Basecamp, and GitHub. It works with one-person businesses or teams.
  2. Timesheets.com: Timesheets.com works for hourly and salaried workers who need to track billable hours or time spent on projects. Timesheets.com works with popular payroll companies, including QuickBooks, SurePayroll, and ADP; you can export the data into various formats. There are even HR tools, including standardized documents and storing documents privately so only relevant managers can see them.
  3. QuickBooks Time: Employees can clock in on their smartphones via text, email, voice call, or even Twitter. Crew features let you send entire crew alerts simultaneously or clock them all in and out simultaneously. The drag-and-drop schedule creator makes it easy to schedule employees for shifts, such as retail or restaurant work, or particular jobs, such as landscaping or construction. TSheets suits businesses with hourly workers, work crews, or mobile employees, such as field services or construction. It integrates with the most popular accounting and payroll software.
  4. Harvest: This time-tracking app creates visual reports showing how much time your team spends on each project. Employees can use the app’s timers to track or input their time manually. The mobile app makes it easy to track time and billable hours anywhere. You can also track expenses by simply snapping pictures of receipts and automatically pulling data from Harvest into invoices.
  5. Hubstaff: The Hubstaff time tracking app runs on computers or mobile apps and builds in plenty of employee monitoring tools. The app tracks mouse movements and clicks, takes random screenshots to show you what employees are actually working on, monitors employee internet use so you can see what websites they’re visiting, and even tracks which apps employees use the most. The mobile app uses GPS to track employees’ time and location on the road; employees can also track time on their mobile devices.

Need help choosing the right time tracking and scheduling software for your business—or any other aspect of managing your employees and your finances? Let us help you handle your business finances while you focus on growing your business…

Are you ready for fourth quarter?

Planning

Can you believe it? 2023 is speeding by, and we’re fast approaching the fourth quarter. Are you ready for a strong finish? Could it make or break your business? We’ll explore some effective strategies you can put in place to achieve your annual goals and start the new year strong.

Evaluate your financial health.

Start by evaluating your current cash flow. Small businesses should aim for at least 3 months’ cash reserves to cover their expenses. That said, even through periods of uncertainty, businesses shouldn’t sit on large cash reserves. If your liquidity is strong and you’ve enough to cover you for the next 90 days, invest in growth. In keeping with cash flow, reviewing your clients and highlighting any late payers is also a good idea.

Invest in talent.

With salaries and contractor costs accounting for up to 60% of your total expenses, your people are your biggest asset. Therefore, consider investing in your team to help set you up for a strong fourth quarter. As the saying goes, “People buy from people”, so by investing in your team members, your clients will enjoy working with a motivated, efficient, and highly skilled team, which will drive strong results for the end of the year.

Set up simple structures.

If you want a strong finish to the fourth quarter, consider setting up simple structures to improve efficiency. Streamlining internal processes’ll make your workflows more efficient, which means a more productive team and giving you the competitive advantage to finish the year strong. Consider investing in software that automates time tracking and project management to help set up simple structures and operations in your business.

Design a three-month game plan.

As we approach the fourth quarter, it’s time to sit down and devise a sales strategy and marketing plan to finish the year strong. To help you do this, you should first assess your current year-to-date performance. How was the last quarter? How are you tracking year-to-date? Aside from the goal-setting and sales plan, you should also design an aggressive marketing strategy to set up strong pipelines for the new year.

With year-end fast approaching, now’s the time for professional services firms to devise a plan to get ready and finish strong. You should also use the next three months to assess your financial health, invest in your team, and set up simple structures to ensure a strong start to the new fiscal year. Schedule a call to learn more about how we can help with your business’s financial health.