Why is time reporting important and how to manage it?

Timesheets are Priceless because Time is Precious!

Many a times there is a casual approach towards time reporting. You should explain your staff why you are so serious about timesheets. Please watch below video and show it to your employees as well. We provide time based service to our clients. We developed our own web portal for time reporting: https://timesheet.fairshare.tech/

FairShare’s Timesheet application provides very important tools for business management.

Bill accurately: When you charge clients by the hour, tracking time precisely is top priority.
On one hand, as you share the records with clients in a timely manner, it helps clients see where their money goes and the transparency helps in building a good client relationship. FairTime provides various reports including ‘Billable time report’ for clients.
On the other hand, you want to find out if employees spend more time than what you can bill for.
Remember! High billability = High profits.

Improve Project management: Timesheets help you review and track availability, skills and productivity of employees. They enable you to monitor progress and anticipate delays. They also provide valuable historical data to back your project estimates and budgets.

Reduce Time wastage: FairTime Dashboard identifies tasks that go beyond budgeted time and areas that delay completion of work. It helps you understand where you are wasting labor and weed out tasks that take longer than necessary. It assists you in making decisions as to how you can optimize your tasks.

Employee Friendly: Our application features structured and easy timesheet entry. Employees get automated reminders to ensure time entry is made regularly.

 

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