Timelive Expense Tracking Software Online

It’s the time to leave all those tricky and cumbersome ways for the expense tracking used in the past like spreadsheets, cells, formulas etc. Making receipts manually is a difficult task especially when you are managing a large workforce in a large organization. There are many novel ways that has made expense tracking easier. Out of them, TimeLive Expense tracking software stands on top. With the help of TimeLive Expense tracking software expenses of the organizations are reduced dramatically that may be used on manually recording, bookkeeping and accounting.

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  • You can now upload the images, receipts and notes with the help of camera, cash expense can be entered easily and other expense is recorded in the timesheet with accuracy and ease.
  • TimeLive Expense tracking allows the capturing and recording of electronic transactions that are uploaded to the expense reports quickly. Receipts images can also be taken and uploaded to the system in no time.
  • The best thing about TimeLive Expense tracking software is that it allows access to all users equally to see how the expense are being done on the project, letting them know the way resources are used. Business persons pay their employees with the help of Expense tracking sheets. They also monitor the projects, employees, clients, costs, bills and resources.
  • Expenses are easy to track by the type such as client, employees, project and department. All data is stored in a centralized location that is easy to access. 

Open Source Project Management Software Timesheet 2015

Project management timesheets software is accessible for downloading and utilizing it over the web adjusting from the main suppliers of the software. In online rendition of project management timesheets software, the organizations need to login to the record and they can get to the data from anyplace far and wide. Project timesheet management timesheets software is dependable utilizing over the web and gives a protected access alongside the simplicity of working. There are different diverse capacities of the project management timesheets software, some of which are examined here.

Features of Project management timesheets Software:

Project management timesheets software is essentially utilized for the lawyers and legal advisors of the organizations to calendar their time as per the courts' listening to and customers' accessibility. The project management timesheets application is promptly coordinated with QuickBooks as it is not limited to the law offices additionally bolster venture administration in organizations and associations. QuickBooks online timesheet timesheets software is anything but difficult to learn and embrace inside the associations and best of them obliges least backing and support. The altered entrances are recorded inside the review of the project management timesheets software. Resource administration is carried out in a productive way utilizing the software.

Need of Project Management Timesheet Software:

The software is very helpful in proper management of the projects along with the saving of time and money. The software makes the assigned job very simple and easy to achieve and hence the productivity is increased.

Project Management & Revenue Generation

Project management in order to manage the expenses and bills of clients under the budgeted amounts, is really crucial and hectic and also requires special attention and care. With a single miss-management in these aspects could result in a big loss and failure of projects. Effective management of projects could lead the organization to earn revenue for the organization and also the market value for the organization is increased. In order to record and manage the projects without any chance of errors and overcoming of failure rates the use of online timesheet is being adopted very frequently in the organizations and companies. There are numerous different benefits that prefer the use of online timesheet instead of the manual system.

Managing Projects Effectively:

Project management with the help of online timesheet is fully integrated with the time and expense module in order to facilitate both financial and software development projects. The budgets are controlled in such a way that the final costs associated with the projects remain in the limits that are bearable by both the clients and organizations. The entire team is combined and stayed in touch using the feature of automatic emailing which could be customized as per needs and requirements. Every employee can view the progress of other employees by staying at whatever place they are by using the online timesheet. The budget is compared against the time and cost associated to the project in order to calculate the final revenue and profit of the organization. Gantt chart is used to view the status of available resources and hence their assignment becomes simple & easy.

Invoice Creation with Time Billing of Employees:

Invoices for the clients are created automatically as the online application fetches the records itself and created the invoice for each client according to the relevant information. The currency setup can be customized according to the requirement of clients and organizations. The billed and unbilled entries are logged automatically with the smart approach of the web based application. The billing rates are set up either by the employees or by the organization but are set according to the laws in the organization so they can be specified within the application in order to make it able to generate the invoices. The invoice of the clients can be generated with the customized tax options or manual entry of taxes within the invoice.

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Expense Sheet Creation:

The mileage and expenses are entered within the expense sheets with the user-friendly and easy to handle interface of the web application. The expense sheets after the creation are submitted to the higher management in order to get it approved. The approval paths could be customized and multiple approvers’ options can also be selected. In the case of alliance projects (projects in which external users are involved), the expense sheets are also approved from their manager in order to work in a streamlined and regular pattern. The reimbursement currencies for the expenses are also mentioned within the expense sheet.

Effective Use of Timesheet for Revenue Generation

Revenue is the main requirement of the organization for which any organization is dealing with clients and is facing the tough competitions in the market. For the generation of good and handsome amount of revenue, the companies have to put enough care for management of projects so they can survive in the market. Employees and managers should pay special attention and concern for the projects which are from high budgeted clients as their loss could result in the huge loss for the organizations. Online software for revenue recognition is that is why important as it helps the managers and employees to manage the various aspects of projects in a smarter way and to avoid final outcome failure or loss.

Employee Management & Hiring:

The revenue can be increased by dividing the tasks, simpler parts and selecting the best candidates of the organization for that job. All the employees that are enrolled in the organization can be viewed by pressing the ‘Menu’ button on the left and pressing ‘Employees’. New employees in the organization can also be registered with the same method in order to increase the productivity of the organization. The basic information for the employee like the name, address and phone number for staying connected with the teams is recorded in the database of the company. The time zone of the company within the application can also be set for individual employees as well. The login information for the clients can also be specified and after that the employee is given the information. Passwords for the login can be changed easily by every employee for its account.

Tracking the Time for Employees:

Effective time management and recording increase the options and chances for the organization to increase the revenue. The time an employee worked within the organization on some specified task can be recorded on daily and weekly basis. New timesheets can be created easily with the help of online software. The created timesheets can be updated before and after submission for the approvals. The time sheet can be submitted to the manager, project manager, and team leader and also the external users involved with projects. External users are selected in order to outsource the tasks which could not be managed by the organizations themselves.

Check more article here at Revenue Recognition Online Timesheet Software

Customization of Timesheet Software:

The revenue generating software can be customized to a greater extent to make it ready for organizational use. The general terms for the various fields can be renamed like employees could be termed as workers, tasks as jobs, and others. The report for the various aspects can also be customized and renamed if required by the companies. The names and locations of the different departments can be recorded in the online software. The default currencies and billing options for the companies can be changed to the organizational needs. If the account is no longer required then the organization team can disable the accounts and this can simply block all the employees to enter in their accounts.

Revenue Recognition Online Timesheet Software

The online software helps in the management of time, expenses and other factors of the project when it is running in the firm. The software saves a lot of time and performs the required task more effectively and more efficiently. The results obtained by the use of software are more precise and more dependable. The leading organizations are working with such software that helps them to manage their time by providing the time tracking services. Another important problem is the billing of the customers. The billing should be on time so that the payment can be received from the customer.

Importance of Time Billing:

Timesheet software provides many different features the time billing feature of the software is helping an organization in many ways. The software provides the detail billing report by taking all the expenses and costing under consideration. All the functions are performed differently before sending the detailed billing report. Task billing is done both according to the client and according to the employee after that the expenses are extracted from the expense sheet of the project. Then the analysis of timesheet report is done department wise and the detailed expense report is developed. The invoice created is then summarized and the summary report is displayed instantly. The online software is more dependable and the companies are rapidly attracted towards the use of the software.

Time Tracking Feature:

 is another issue faced by the organizations. The record of time consumed by a project and the working time of an employee and also the off time of the employee is very hard to manage. It is time-consuming and is one of the most difficult tasks. The changes and modification in time data is done daily and it is very difficult to manage the data when multiple projects are running at the same time. Online timesheet software helps in solving this problem.

Check more article here: Revenue Recognition Online Timesheet Software

Timesheet and View of the Time Entry Period:

The time tracking feature of the online timesheet software helps the user to easily make the entries and modification in the data. There are two options for the insertion of the data, the daily base entries and the weekly entries. In day view the employee name is mentio
ned on the top of the list after that current status is written. After that the addition of entry date is made which is followed by total time and timesheet status. In the second half of the time sheet week base entries are displayed it is in the form of a table that contains 3 columns. The very first column has project name and in the centre project type is selected and at last the third column is divided in small sub columns and each sub column is represented by a week day and in this column day wise working hours are mentioned. In the lower left corner of the table the time off entries are to be made the type of leave should also be mentioned in time off portion. 

Online Timesheet Software- A Revolutionized Way To Conduct Businesses

Time if used properly will give up utmost results. For any industry, time management is a most important feature in determining the achievement of a business. Timesheets present best possible solution to the critical time & workforce management and are fundamental for the survival of a corporation. Let us discuss the features first that how timesheets can facilitate you accomplish the utmost results for the business. So, just take a quick glance on how online timesheet software can be useful in a business.

Keeping employee records

Timesheets efficiently keep a documentation of the time used up by the employees on every project. This will boost the output of the workers in completing their projects. Company can measure the pace with which a task is done in addition to the working hours used upon carrying out a project. This statistics will be useful in making invoices for the patrons. Timesheet allows managing payroll systems professionally by keeping you away from any blunder with respect to remuneration and overtime of the workers.

Making pay rolls, client billings and budgets

Timesheet software has been offered to businesses so that things become easier such as scrupulous task of maintaining the massive database. Timesheet software features a range of tasks such as payroll, project costing, evaluation, client billing, tracking and administration with simplicity and precision.

Project management

Online timesheet software communicates information to the project management panel regarding the time and effort mandatory to perform a job. Documentation of resource expenses along with project everyday expenditure can be done effectively.

HR management

To examine the time used up by individuals on tasks, can be evaluated with no difficulty. Based on this breakdown, classification can be made by the HR to allocate roles to the workforce.

Account management

It helps in making all computation with precision, which is a very important element in accounts. By the help of the software, quotes can be valued in a good way as well as billing can be done more accurately.

Self management 

Workers themselves can maintain a track of the responsibilities assigned along with the time use by them to finish the job. This will present support to boost competence with time.

These are the few most vital features any project management software has to offer.

On the other hand, to obtain the leads of the timesheet software you require choosing the one that go best with your requirements. There are a lot of companies which can give high quality software solutions for you. You can get timesheets according to your needs by experienced professionals. Timesheets can become more sophisticated by adding latest features which will make your work more efficient. Hence proved, the software will considerably decrease the cost of purchasing resources for managing your returns and assets with precision. Companies present a variety of price packages which are reasonably priced with an alternative of free testing. Despite the fact that the software is trouble-free to employ and navigate however the support is required.

Check Our Previous Article: Project Management Using the Web Application Very Simple

Project Management Using the Web Application Very Simple

Every organization works with its core management service to control expense and gain profit. It wants to get complete its projects within timeframe and avoid delay to face losses, which not only loss in financial matter but also damage the reputation of the organization. For all these purposes, project management can be easy to make with the use of web application to carry out their project. The development in IT industry helps the organization to look at the pros and cons of the project and there are few chances of negligence in the project.

Time Sheet in Project Management

Time sheet can help in project management to put the starting date, targeted date, timings of workings, need to increase timing or not to complete project within time frame and also calculate working time of employees. Timesheet helps managers to analyze their project at different steps of working. Time sheet of the employees can be approved online and managers feel easy to supervise projects and issues instructions at various steps. If there is need to speed up the project then all the employees of the project can be informed through e-mail. Project managers receive these time sheets and approve them after looking into the time sheet and the working pace on the project.

Cutback in Project Expenses

Timesheet helps to maintain speed of work, analyze how much time is spent on project, how much time any employee spends of work and how much work has been completed. All these information can be incorporated at one page of time sheet. You can inform with all record to organization online. Similarly, you can manage the expenses of project by eliminating all factors leading to expenses and wastage of time and money. With web application of time sheet, the chances of errors and negligence can be minimized. Timesheet software can help the management to control cost of project and profit of the organization in particular project can be enhanced. You can maintain one-time sheet and whole of organization from top to lower, can examine time sheet and manage the projects in small fraction of time.  

Effective Management of Project

When time sheet web application is used in any project, you can easily identify the weak or risky area or it may have higher priority in completion of project. To avoid any loss or complication, you can adopt proper measures and ensure safety and security of the project. Manager of the project looks at the quality of work of any employee and feels comfortable in assigning task to any worker.

Manage Web Application

Use of web application in the organization can speed up its completion. Project management software can be worked without extra assistance and technical learning. The management of organization can introduce this software to its employees and appoint them to start work on particular project and avoid long trainings of software. The software web applications are excellent to handle financial management or technical management of the project. This web application helps organization to successful completion of project goals.

 Timesheet Software is best to manage the Projects Online

Before the introduction of technology in various fields of life, many of the daily routine tasks are performed with ease and smartly. The time consumption has been reduced and availability of time for other tasks is increased. Just like the other aspects of life, technology has its impact on the project management and planning. The internet provides the organizations with a wide range of software applications that are helping the managers to plan the use of resources in an efficient and effective manner. These have reduced the workload from the employees and put it on the computer application.

 Keeping the Record of Time Used

Using the timesheet software online helps a lot in maintaining the records of the time worked by employees on some assigned projects. There are various intervals for entering the time of the employees within the timesheet according to the needs of the company or project. The option for entering the values on daily basis reduces the overhead of adding all the worked hours at the end of the month. The timesheet after completion is sent to the manager for approval and after the approval the employee is notified about the updated status of the system. Use of the timesheet software made the work easier.

Expense Recording Rapidly

Various complexities occur in the management and recording of the expenses when done manually. Use of the timesheet software removed all the issues and presented a solution convenient to all the users. The expenses are recorded in the currency they are incurred and they are generated within the invoice of the client. The taxes incurred on the expenses are allowed to be inserted in the expense sheet either manually or customizing the tax options as per the need of the expenses and projects. The organization can set up specific policies for the taxes according to the regional laws and rules.

Time Billing to Create Invoice

When the invoice of the client is created the selection of the amount which is to be billed is added and that to be not billed is avoided by the application by filtering them based on the defined rules. The billing rate is set up by the consent of the employees, managers and clients. These rates help in the calculation of the amount to be billed to the client. At the top or bottom of the invoice the company’s customized logo can be entered. Detailed reports about the expenses and invoices are created with the help of the online timesheet software.

Added Features of Timesheet software

The web application has so many features that could be customized according to the need of the company or the project. The predefined field names can be changed to the newer ones and also the extra required fields can be entered. The applications are available in more than one language for the ease of use in any country dealing in whatever language. The changes in any of part of the system are recorded in the audit for assessing the improvement in the project.

Check Our Previous Article: Need of Time Billing and Time Tracking