This short paper will expand on two key reasons to move to a computerized timesheet system at your company. There are more than two reasons of course, but these will be expanded on at a later date. The two key reasons to be discussed here are Timesheet Efficiency, and Timesheet Automation.
Timesheet Efficiency is the concept of a single data entry exercise done accurately and quickly. Timesheet Automation is the simple concept of managing timesheet information electronically rather than on paper. When taken individually both these concepts make a compelling argument to move to electronic timesheets, taken together you should be asking yourself why you aren't kicking off the process today.
Timesheet Efficiency
When I started out my working career in consulting we had paper timesheets. These were (supposedly) to be filled in daily, submitted weekly, and data from them entered into the accounting system monthly. However, people being people, the accountant only checked them once a month, so they were generally only submitted once a month, and thus usually only filled in once a month when prompted by project managers. This resulted in inaccurate and late timesheet information.
This affected billing, time and materials projects would take up to four weeks to be invoiced, and thus it could be up to 60 days before payment was received. Why then are some companies constantly challenged with getting employees to accurately complete their timesheets while other firms have no problems? The difference is usually leadership and data ease of data entry. Most consulting companies employ skilled intelligent people, and a manager who fills in his timesheet information promptly and accurately can legitimately expect his staff to do so. However if the system is cumbersome and difficult to use then there will be constant conflict.
Easy to use computerized timesheet systems mean more employees are successfully filling out timesheets as they work rather than writing the time into a diary or calendar and then transferring the information at the end of the week (or month). It has been well proven that debtors are easier to manager and projects more easily monitored the closer that timesheet information is processed and invoiced to the time the work is carried out. It is just much more simple to collect all your billable hours (more chargeable time!) if employees record their work as they do it.
Of course data entry is just one side of things. Processing the information is just as important. Internal discipline and company policies must be set to ensure that all information is collected by the time you have decided is the deadline. Whether this is Friday 5:00pm, or Monday 9:00am, deadlines must be followed and enforced. Timesheet software with built in workgroup functionality like messaging, timesheet approval, live monitoring, and so on can greatly enhance this process.
There is no point pretending that timesheet information and collection is glamorous. It isn't. It should just be part of the normal mundane fabric of business. It should be routine and boring. But most importantly it should be quick, easy, and provide no disincentive to doing it. Good computerized systems should offer all of this.
Timesheet Automation
The most basic benefit that a computerized timesheet system gives is one of automation, timesheet information is entered into a computer rather than onto paper. This eliminated the need for people to transcribe their timesheet information from a diary onto a paper form, and then for administration staff to re-enter this information into a job costing system. The computerization allows you to completely eliminate the middle steps. Staff enter information directly into the job costing system.
The next logical step of computerization is to leverage off of the computer to provide a host of other benefits. This includes interlocks like preventing people from booking time to projects that dont exist, or projects that are closed, or projects they should not be booking time to. It allows project managers to access live data showing actual time spent on their projects, this data can be manipulated and visualized in different ways using other computer software. It can even interface directly with dedicated project management software.
Other benefits can include automatic timing of work, popup information showing specific project information helping timesheet accuracy, daily timesheets, reminders telling people to fill in their timesheets, integration with messaging, email, and the web, and live integration with accounting packages.
Conclusions
By themselves each of these points makes a good argument for moving to a computerized timesheet system. Taken together they are truly compelling. Increased accuracy and reduction of the billing cycle means that a computerized system can usually measure its payoff in just a few months. For any company that does bill its time, it is should not be an option any longer, it is a simple next step. Interested in looking at some low cost alternatives? Why not take a look at Timesheets Lite or Timesheets MTS. These are low cost systems ideally suited to the small company.
About The Author
Mark Nemtsas, Moving Target Software
Get low cost, efficient, timesheet software! This article is ? Moving Target Software, 2004. It can however be reproduced in full on any web page as long as it is edited in no way whatsover.
reliable maid service Highland Park ..Language development computer: Computer-based method for aiding language development seems... Read More
With thousands of web pages added to the Net every... Read More
Finally, you have some time to personalize your desktop with... Read More
Beginning with Domino version R4 it has integration with the... Read More
For a windows user like me, just can watch with... Read More
Make-or-Break Factors in Success and ProfitabilityFor quick printers, estimating can... Read More
The most important benefit of XML is its simplicity. Though... Read More
Did you ever want to erase everything on your computer?... Read More
Vince Lombardi once said that, "The achievements of an organization... Read More
Most people don't use Photoshop to its fullest capabilities. Here... Read More
When making a decision to buy any piece of software... Read More
Although statistics often is blamed for various deadly sins --... Read More
Microsoft Business Solutions CRM data conversion deserves FAQ type of... Read More
Microsoft Business Solutions is emerging as very attractive vendor for... Read More
Microsoft Outlook is one of the most widely used software... Read More
New post-recession era has new features, which didn't exist in... Read More
I've been active in the Cisco Certification track for four... Read More
Microsoft CRM is CRM answer from Microsoft and attempt to... Read More
Are you a whiz at calculating financial information? Not the... Read More
CD and DVD replication is a process that works by... Read More
Finding the best spyware removers to detect and remove spyware... Read More
Microsoft Great Plains is main mid-market application from Microsoft Business... Read More
Before September of 1995, Microsoft ignored the Internet because their... Read More
Although we don't know whether Microsoft ever envisioned such a... Read More
Microsoft Business Solutions Great Plains is marketed for mid-size companies... Read More
house cleaning company Lincolnshire ..Microsoft Great Plains serves the wide spectrum of horizontal markets.... Read More
Here is some free software tools to help you build... Read More
While paper labeling CDs and DVDs may appear to be... Read More
The software giants don't do everything and don't always produce... Read More
Currently Microsoft Business Solutions is on the way of creating... Read More
Microsoft Business Solutions Great Plains is very good fit for... Read More
Microsoft Great Plains is becoming more and more popular and... Read More
One of the main reasons business owners and entrepreneurs use... Read More
Scrapbooks are very popular these days. I think that almost... Read More
RSS (Really Simple Syndication) is a way for a site... Read More
Microsoft Business Solutions Great Plains is marketed for mid-size companies... Read More
In the previous ISDN article, we looked at how and... Read More
Fleet Maintenance Management is a critical position in any company... Read More
Microsoft Business Solutions Great Plains, Solomon, Navision, Axapta, Microsoft CRM... Read More
In 2004 Oracle, Inc. made its new step toward J2EE... Read More
This article is for advanced Microsoft CRM SDK C# developers.... Read More
Are you ready? SQL Server 2005, the next-generation data management... Read More
I started using PIP (Picture It Publishing) Platinum 2002 right... Read More
Disclaimer: All the thoughts expressed are my views only! Your... Read More
Microsoft Business Solutions CRM is now approaching the phase of... Read More
For those who still don't know, Microsoft Publisher helps computer... Read More
This article will not attempt to advocate the use of... Read More
Microsoft Great Plains and Microsoft Retail Management System (Microsoft RMS)... Read More
After seeing many people complain about their weak Internet security... Read More
The Internet is reshaping every form of communications medium, and... Read More
Software |