These days, freelancers and hiring agencies are quite common. This is due to the work flexibility and other benefits they provide. However, even freelancers and agencies need a proper workflow and maintenance order. Otherwise, they will not find more work and eventually be thrown out of the market. In today’s fast-paced, technology-oriented, employee-centric, and data-driven work world, they need software assistance to stay ahead of the competition. Project time tracking software can be useful here. In today’s post, we will understand how that works.
An Overview of Project Time Tracking Software
Project time tracking software or software solutions for tracking project time are digital tools and solutions, web applications, mobile apps, and/or wearable apps, which track work hours spent on projects and tasks.
Using such software helps you properly manage tasks and maintain work quality and efficiency based on better turnover times. Generally, project time-tracking software solutions come with these features and functionalities.
Timesheets
Time blocks
Detailed work-time utilization reporting
Real-time task hours tracking
Automated project hours tracking
Task timers
Integrations
User-friendly interfaces
To summarize, project time tracking software is the entire package for you to master time management and control your time and not let your time control you.
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Benefits of Project Time Tracking Software for Freelancers
Freelancers are high in demand these days. That’s why the work pressure and competition are high on them. However, we are sure that desktop activity time trackers for projects will not let these get the better of them. Here’s why.
1. Better Project Management
Freelancers these days have to handle multiple projects and tasks simultaneously, which can be quite complex. However, with project time tracking tools, they can simplify all the work. The software lets freelancers:
Track project time status in real-time
Track the hours on multiple tasks and get accurate work-time utilization reports.
Ensure that they don’t lose track of deadlines and work time.
2. Accurate Billing
Another major issue is underbilling and overbilling clients. Both of these problems cause loss to freelancers. Underbilling clients is a mistake as freelancers cannot cover their costs. Overbilling is an alarming issue as it will make them lose clients.
Thus, when they use project time tracking software, they will accurately bill clients according to their hourly rates for the total time worked and thus maintain integrity.
3. Provides Proof of Work
An advantage of project time tracking software is the detailed reporting feature. Due to this feature, clients can’t deny that their work wasn’t done even after taking payment. In such cases, freelancers can show proof of work to clients and even go to a court of law.
4. Helps in Scheduling
You can integrate your project time tracking software with your calendar app to make a proper work schedule that doesn’t collide with your time and life. Thus, you will be able to complete work without stressing out or neglecting your daily duties.
5. Improves Work-Life Balance
Since project time tracking software helps freelancers maintain a daily schedule, it results in better work-life balance. It ensures that they neither stress nor overwork.
Note: Overwork is not to be confused with overtime. Overwork is working more than your capacity and schedule. However, overtime is due to your inefficiency of not being able to complete work within the full time.
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Advantages Agencies Get from Using Project Time Tracking Software
Just like freelancers, there are also many advantages of using project time tracking software for hiring agencies. Here we shortlisted a few of them to highlight how useful and practical project time tracking software solutions are.
1. More Control
By using project time tracking software, hiring agencies get more control over the work-time of the employees. It lets them track task and project status and get the work done on or before time. Ultimately, they earn more profits.
2. Timely Work Completion
Regardless of how complex the project or task is, utilizing the features and functionalities of project time-tracking software will ensure that there is no delay in work completion. Thus agencies get a better reputation.
3. Better Schedule Adjustments
Sometimes agencies also have to adjust schedules according to the number of resources they have for the day. Project time tracking software lets them fill the work gaps with accurate data.
4. Accurate Payroll
Agencies will also be able to fairly pay their hired talent based on their actual work hours.
5. More Clients
When agencies get a better reputation due to timely work completion, they eventually earn more clients. Overall, this leads to more profits, success, and growth.
Conclusion
With that, we conclude our post for today’s title, Why is Project Time Tracking Software Essential for Freelancers and Agencies? To give you a final word, time tracking software solutions for agencies and freelancers, in short, help maintain a smooth work order and workflow without going into overwork, which is not good for a proper work-life balance. To summarize, time tracking software helps you stay ahead of the competition by helping you complete quality work on time and get more clients.