Bookkeeping can be painful. Freelancers and small businesses tend to avoid the topic of accounting as it is too exasperating, time-consuming, and tedious. Fortunately, various innovative companies solve accounting problems for specific freelancers and large enterprises. A big part of bookkeeping is payroll, and a big part of payroll is tracking time and validating expenditures. The significance of time-tracking might be apparent. Small companies usually have salaried, hourly workers—ensuring you know where and how your money gets spent is a must.
Similarly, handling and verifying expenses that you and your employees make on behalf of your commercial will help you spend money on what you need and save on what you don’t. And you still need to trail and categorize your expenses for tax purposes. Have a look at these accounting tools to track time and costs while managing your employees.
TSheets are online labor and time management software programs that save your business time and money. It is an operational and easy-to-use time tracking tool. You can track time from the workplace or in the field with mobile-compatible time tracking applications.
- TSheets offers a fresh interface free of needless clutter
- The virtual timesheets are easy to use
- The retailer provides free training and setup via live chat and phone
- You can use the online knowledge base to learn the system on your own
- TSheets automatically trails and updates both time-off requests and accrual tracking
- If you do not need the automatic system, you have the choice of manually filling in timesheets
- Email and phone support offers free of cost to clients
- Top-notch consumer support averaging 4.9 out of 5 rating
TSheets also makes it easy for you to control a shift-based schedule, altering it week-to-week according to you and your operatives’ needs. The publishing supervisor is intuitive, and your employees will get notifications when their shifts have been posted or changed. Moreover, you can even accord specific tasks, projects, or jobs to these shifts, minimizing misperception and maximizing efficiency.
Expensify
Expensify is a business structure used to manage expenses, transactions, and money matters through real-time data and reporting procedures. The bookkeeping functions performed by the user-friendly interface of Expensify come in handy for many monies management issues. It allows companies to maintain summaries of different accounts along with calendars. You can obtain transparency, and other ratios such as debt-to-income ratios can be balanced at the right time, averting any crisis or undesirable situation. Expensify can also track your travel expenses based on the miles traveled or the amount of time spent on a particular project. For international traveling, you can change currencies, and it records the information in the accurate text fields.
It offers a simple resolution to recording expenses by the information provided through photos.
Neat
Like Expensify, Neat excerpts the critical information from your receipts and documents; it assimilates with popular accounting and business software and simplifies how you work. Neat lets you scan tickets and financial records. Excellent allows you to use a smartphone, a desktop camera, or an accurate scanner. You can securely access your files from any device anywhere. Neat also incorporates with your other bookkeeping tools so that you can transfer your expense documents directly. You can build expense reports, track bills, and share financial data with your co-owners and accountant.
With Neat, you can also easily add contact information and sync these new contacts with your email marketing platform. It gets rid of the slow, laborious manual entry commonly associated with expense filing and gives you an easy-to-use online process in its place.
Conclusion
While a bit more limited in their functionality compared to many of the apps, time-tracking and expense management accounting tools can still be an integral part of your suite of accounting tools.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
