Time tracking entails systematically recording the hours invested in your work, often facilitated by dedicated software or online programs. While not universally adopted, it is prevalent in professions that meticulously account for working hours, overtime, or invoice for their services.
Craftsmen, lawyers, cleaning personnel, graphic designers, and consultants commonly leverage time tracking to gain insights into their time investments.
Why should you keep track of your hours?
Time registration for invoicing
For professions operating on an hourly basis, recorded hours serve as essential documentation for gauging the extent of work undertaken and determining appropriate billing. It becomes pivotal to distinguish between internal hours and those eligible for invoicing.
Time registration for projects
Numerous businesses use time tracking to monitor the allocation of time to different projects or tasks. This practice aids in evaluating time prioritization and providing an accurate assessment of time spent on diverse assignments.
Time registration for overtime
In companies where overtime is prevalent, documenting these additional hours becomes invaluable. It provides a record of why employees worked overtime and the extent of their extra efforts, aligning with overtime regulations. Furthermore, Australian businesses are required by The Fair Work Act 2009 to keep a record of time and wages.
Cloud-based time tracking
While conventional methods include manual recording on paper or post-it notes, the contemporary trend is toward digital time tracking programs.
Embracing cloud-based time tracking offers several advantages. It allows flexibility, enabling users to log hours from anywhere. It also provides convenient access for both employers and employees. Quick and efficient, digital tracking ensures valid documentation for invoicing, meeting legal requirements.