In honor of the upcoming Indepedence Day, we're highlighting a couple of revolutionary accounting software products available on the market today. Today's blog post takes a look at the benefits and features of one our our favorite time tracking apps - TSheets! From simply producing an excellent product to keeping us on our toes with creative engagement and messaging, we're huge fans of this Idaho-based company.
CEO Matt Rissell is a visionary in the field--and a lot of fun to hang out with if you ask our co-Founders Bill Gerber and Dennis Najjar. But don't just take our word for it--follow him on Twitter or Google+ and see how he isn't just having fun, he is working hard to change time tracking as the world knows it. So if you're looking for a timekeeping mobile app that works on both Apple and Android devices, has easy integration with QuickBooks accounting software, and is the brainchild of a company dedicated to producing a great product--well, you just might want to check out TSheets.
In a nutshell, TSheets is an app that tracks, manages and reports employee time and can be run on a variety of mobile devices, including laptops, tablets, and smartphones. If your accounting software is begging for the meaningful data and insights that time tracking provides, TSheets will be your new best friend.
The app is ideal for tracking employees who work remotely or switch job locations regularly. Employees can report time across 6 mobile app versions:
- the Apple iPhone with its intuitive graphical interface and GPS tracking
- the Android app with its easy-to-use mobile time tracking
- the crew app for both platforms where the crew boss logs in multiple workers
- the text version for mobile employees not equipped with smartphones
- the ever-popular Twitter interface where employees can log in time from anywhere in the world
And before you worry about the threat of a poor service area or offline connection, TSheets tracks time and automatically syncs when service returns.
Why Your Accounting and Bookkeeping Service Loves TSheets
The initial reasons are easy to understand--there is no confusion about when and where an employee worked and it directly ties in to accurate payroll, PTO and vacation reporting with virtually no additional work required. However, when you start working on budgeting and forecasting for your company's financial future, you may want to understand which jobs and projects cost you more. Do you have the data behind how many employee hours were spent on each project and at which rate readily accessible?
Quick integration with your accounting software can attach those hours to your specific jobs and projects, giving a complete snapshot of your financial data to your controller. The next time you want a better understanding of your profitability across different channels, TSheets will be your new best friend.
TSheets Reporting
Payroll reports: TSheets can be configured for specific job or cost center charging. Gone are the days when after-the-fact “pencil-whipped” timesheets were based on faulty memory, inaccuracy, and bad penmanship. TSheets gives your payroll people just what they need to know – immediately – for employee overtime, individual job breakout expenses, and total daily hours worked.
Timesheet Auditing and Approval: Managers don’t have to wait until the end of the payroll cycle to audit, approve, or reject time sheets.
Job Coded Project Reports: It’s all in the TSheet database. When it comes time to bill out and invoice projects, the information is all there and can be grouped into customized reports and downloaded for additional analysis and reporting.
DCAA and DOL Reporting: Defense contracting auditors and Department of Labor bean counters require accurate time card keeping – sometimes tracking specific tasks or projects by the hour. TSheets to the rescue!
Oh, and don’t forget that TSheets plugs right into QuickBooks. (We mentioned that--we're just such big fans of accounting technology integrations and this one is a great one!)
Need help adding time tracking to your accounting and bookkeeping services? We can help!
