Can a Time Tracking Tool Make You Richer?

There’s an old saying that time is money. While everyone generally understands that this means every minute is an opportunity to make some extra cash, this phrase becomes abundantly clear and relevant when you become a freelancer or small business owner. Both of these positions require you to have a firm grip on how much time and effort you’re putting toward certain projects. And if the financial payoff doesn’t match the effort and focus, something needs to change.

While effort can be difficult to measure, there’s nothing difficult about measuring team. Whether you’re a freelance web designer looking to track how you spend your days, or a small business owner trying to determine time how much you and your team are spending on your projects, a time tracking tool has the power to better see how you spend your hours, know which employees are working on which projects, and maybe even make you a bit more money.

Toggl

Toggl promises to “drive a stake through the heart of timesheets,” which is a good things because timesheets are one of those annoying things that cause most people to wonder, “Isn’t there a better way to do this?” Toggl is that better way. One of the best things about Toggl is the fact that it’s devoted almost exclusively to time tracking, meaning this goal is always at the center of their business offering. With both free and pro versions, you’re sure to find one that’s right for you.

Freshbooks

Freshbooks is an all-in-one cloud accounting service that allows you to a range of financial tasks, including sending invoices, collecting payments, and tracking your time. There’s version for both mobile and desktop, making it easy for your track your time no matter where you are. After all, that brainstorming session you did during your lunch break in the park is totally billable.

Harvest

Harvest is one of the most professional, robust time-tracking systems out there. Not only does it have a timer, like some of the other programs on your list, but it also has a timesheet function that’s blissfully easy to use. You can even set up friendly reminders to your team for them to enter their billable hours. Harvest might not drive a stake through the heart of timesheets, but it does something just as important: it makes them painless.

TimeCamp

Timecamp bills itself as an accounting a time tracking program that’s good for teams of all sizes, so it may be what you’re looking for if you want a solution for a larger company. While the single user can access the free version you can pay $6 or $9 per employee for additional perks such as invoicing, a real-time dashboard, and the ability to easily export to Excel.

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