Time Tracking Software for Trades

Project Time Tracking

• Track Billable Hours: Easily track the time spent on specific projects or tasks for accurate billing and invoicing.
• Monitor Project Progress: Keep an eye on how much time is being allocated to each project to ensure deadlines are met.
• Evaluate Project Profitability: Analyze the time spent on a project against the revenue generated to make informed business decisions.

Job Costing

• Calculate Labor Costs: Accurately calculate labor costs by tracking the time spent by each team member on different jobs.
• Compare Estimates to Actuals: Compare estimated project timelines and costs to actual time spent to improve future estimates.
• Identify Cost Overruns: Identify areas where time is being spent inefficiently to address cost overruns and increase profitability.

Resource Allocation

• Optimize Workforce Utilization: By tracking time, you can allocate resources more efficiently based on workload and availability.
• Balance Workloads: Ensure that work is evenly distributed among team members to prevent burnout and optimize productivity.
• Identify Bottlenecks: Identify bottlenecks in project workflows by monitoring how time is being allocated across different tasks.

Compliance and Documentation

• Proof of Work: Provide accurate documentation of work hours for compliance purposes or in case of disputes.
• Meet Regulatory Requirements: Ensure that labor laws and regulations are being followed by accurately tracking employee work hours.
• Audit Trail: Maintain a detailed audit trail of time spent on projects for accountability and transparency.

Performance Evaluation

• Employee Productivity: Use time tracking data to evaluate employee productivity and identify top performers.
• Set Performance Goals: Set realistic performance goals based on historical time tracking data to drive motivation and improvement.
• Training and Development: Identify areas where employees may need additional training or support based on time tracking insights.