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Looking for the best time and expense tracking software? Keep these 5 things in mind


Are you looking for a time and expense tracking software for your organization that fits all your needs? But how does one figure out which is the right fit for your company and gives you the best experience without any additional purchases etc.

Here are a few things you should keep in mind when you head out to look for a new software that is to take care of your online timesheets and keep track of your expenses.

1. Team size

First things first, when looking for a time tracking software you need to be sure of your team size. Are you a big multinational firm or a small startup with just a couple of people or a freelancer looking to bill your clients? There are many time and expense tracking software that cater to all these categories, but some are specifically designed for one or the other. Keep your budget and team in mind when selecting the best tracking software, i.e. don’t spend too much on a software that provides services for all types if you’re a small company with just a handful of employees.

2. Know what needs to be tracked

There are multiple time tracking software that allow you to track your employees by time and work date. Then there are some, e.g TimeLive by Livetecs, that let you track the time of your employees with additional parameters such as Paid Time Off, overtime, amount of time spent on a certain project etc.

It is best that you already have a general idea of how you want to track time of your employees before choosing a time tracking software.

3. Hosting options

Know the hosting options for the time tracking software you are opting for, as some software can be bought for hosting on site through client servers and some may be offered on cloud based SaaS solution. How well you can operate your time tracking software depends on the hosting options of the software. If you think you may have employees working off site or remotely look for a web based or cloud based software.

4. Customization

Your company may have a different method when it comes to managing online timesheets and tracking time for its employees, and you feel that a particular time tracking software doesn’t meet everything your organization requires. The best time and expense tracking software always have the option to let their clients and customers customize their product so it is better suited.

5. Mobile compatibility

It is important to determine how mobile friendly is your organization, and if you and your project managers or employees will be working on the go and therefore feel the need to constantly keep up to date in real time.

Alma Reed is an author and researcher dedicated to enhancing productivity. He is deeply interested in areas like time management, increasing productivity, and fostering healthy routines. Through his writing, he aims to assist people in boosting their job performance and attaining an ideal balance between work and life.

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