BASICS OF TIME TRACKING SOFTWARE

                        TIME TRACKING SOFTWARE

Before discussing TIME TRACKING SOFTWARE,  Let us first understand what time tracking actually means.

In simple words time tracking means to track time. Actually, time tracking system enables us to track or to record time spent on any kind of particular task.

In order to track time, we are provided different kinds of tools, applications and software about which we will discuss later on.




TIME TRACKING SOFTWARE/TOOL

TIME TRACKING SOFTWARE is actually a category or set of computer software that allow its users to note the time spent on a particular task.

      This Time tracking software is used by different users whether they are common people,                  workers  or employees and employers of industries and institutes.

By using time tracking software, we can maintain or prepare time sheets. Within the timesheets, the user can enter the time duration of completion of a particular task.

TYPES OF TIME TRACKING SOFTWARE

1.     STANDALONE

Standalone time tracking software is used to maintain time sheets and generate reports.

2.       INTEGRATED

Integrated time tracking software works as a part of:

§  Accounting system 

EX: Timesheet data fed to company account directly.

§  Payroll system

EX:  Employees pay slips are send to the employee’s account by an employer.

§  Project Management system

EX: To visualize efforts spent on a particular project.

§  Resource scheduling

EX: It helps the scheduler to schedule jobs or tasks among the workers.

§  Billing systems

EX: It helps to prepare bills or to generate invoices especially for contractors.

3.    TIME SHEET

Time sheets are maintained just by entering time duration of a particular work. Numerical as well as alphabetically entries can be put into the timesheet.

4.       TIME TRACKING /RECORDING SOFTWARE

TIME RECORDING SOFTWARE automatically records the activities and tasks performed on computers or laptops.

TIME TRACKING METHODS

There are different kinds of time tracking methods. Some of the widely used methods of time tracking are.

§  DURATIONAL 

In this employee enters the duration of a particular task.

§  CHRONOLOGICALIn this employee enters the start time and end time of a particular task.

§  AUTOMATIC

In this, the computer automatically tracks the time duration of a particular task.

§  LOCATION BASED

In this system itself determines the workers status based on his current location.

§  MONITORING

In this system itself records the idle and active time of any employee.

ADVANTAGES OF TIME TRACKING SOFTWARE:

There are a number of advantages of TIME TRACKING SOFTWARE as well as TIME TRACKING TOOL. Some of its advantages are described below

§  BETTER TASK MANAGEMENT

Using time tracking we can easily track each and every task of a particular project

§  COST MANAGEMENT

As everyone wants to minimise organisational cost, so by allowing the managers to understand the workflow time tracking programs allow managers to correct cost inefficiencies and inaccuracies and make the project profitable and more successful.

§  BETTER WORKFLOW

While using time tracking employee can determine where they are spending their time. Are they utilising or  not?

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