Here’s How Time-Tracking Software Makes Life Easy for Consultants
Consultants often take a tough beating when it comes to managing their finances at every step of their business. Whether you are freelancing, or involved in a full time job, you usually have a lot on your plate. And this is the reason why using a time tracking software becomes essential, so that you can get compensated aptly for the services you provide. To know more, read on.
Why do you need time tracking?
Time-tracking is a must have for any consultant looking to save their time and easing work operations. Free time tracking software for consultants can especially enable you in making better business decisions and attain better growth.
Even if you are using excel sheets for invoicing, or making use of a time sheet, as a consultant, you are missing out on the facilities a time tracking software has to offer. With a customized consultant time tracking template, here’s how the software can help you:
• All Your Services Accounted
• Send Accurate Estimates to Your Clients
• Boost Productivity with Automation
• Manage Projects Efficiently
All Your Services Accounted
By using a time tracking software, consultants can track specific tasks automatically. This means whenever you open that task from your dashboard, the clock ticks off and times you as long as you stay on that task.
This time and effort is thus recorded, and becomes handy when you are filing invoices. So every little service, or sub-service you provide, remains in your record through a consultant time tracking template.
In your final invoice, you can accurately report the exact amount of time you spent on not just completing a task, but also the target based research you did, or the time you spent on reporting, or the time you spent getting in touch with the users. This can be a huge boost for your paycheck, given that you are spending so much time communicating, and deserve to be paid for it.
Also Read: 5 Benefits of Time Tracking Software for Business
Send Accurate Estimates to Your Clients
Every project a consultant takes up entails a certain amount of time, effort and management. It is not specifically easy to confidentially offer estimates to clients, especially if the project requires a new task you haven’t performed before.
A time tracking software allows you to estimate the time you will spend on a project by doing simple organizational arithmetic. Such software simply divides your project into specific phases, and tracks them individually. Using this, a time tracking software takes up data from previous such tasks to understand how you work on every task.
By analyzing your tasks thoroughly, a time tracking software will build accurate estimates for your clients. And the more you work, the more your software grows and makes accurate estimates. At a later stage, you can opt for a time tracking software for agencies if you need.
Boost Productivity with Automation
The first step to managing and improving your productivity is to check where you are going wrong. And most consultants use a free time tracking software for consultants for their own growth.
A time tracking software automatically tags each of your tasks and builds progress tracking reports. These reports not only record the time you spend on a task, but also check the time for which you are idle. And it also records the times of the day when you are taking a break.
Such software offers a reliable mirror to what you are doing on a daily basis. And you can add customized alerts and notifications, to automatically notify you if you are exceeding the estimated time allotted to a given task.
Also Read: Time Tracking Software For Freelancers
Manage Projects Efficiently
The workflow of a project is generally decided during the sign-up period by most consultants. This means, you already have an operational workflow on your hands.
A time tracking software will analyze this workflow, and automatically plan your workload to balance it according to your timeline.
Setting up a budget can also be done accurately using a consultant time tracking template on such software. This will allow you to simultaneously manage multiple tasks and projects.
To conclude, time tracking software is the need of the hour if you want your consulting business to reach an all-new high and manage project and profits efficiently.
