May 30 2021
The advantages of time tracking for freelancers are numerous. If you are a freelancer, you probably know how difficult it is to keep track of your own time. Not only is it difficult to do but it is also very hard to justify the time spent on such activities as making emails or working on spreadsheets. The software available in the market makes time tracking for freelancers an easy breeze. These tools/ applications allows freelance workers to monitor time spent on tasks within minutes.
Time tracking for freelancers can also help in budgeting for projects. Freelancers need to make budgeting decisions often. This is because of the fact that a single project can eat up a lot of their budget. So if you freelancer is busy making dozens of Invoices every month, you will end up spending more on this project than what you can reasonably afford. With the software available, you can easily track your clients and estimate how much your budget will be for that particular project.
There are two ways in which the time tracking for freelancers' works. You either need to install the application on your computer (which is quite expensive) or you can use an external application. Most freelancers prefer the latter option. An external application works by getting the job done from another service provider. A service like Get reimburse helps freelancers bill on project management. This way the freelancer does not have to spend a lot of time tracking billable tasks which he/ she may be able to do with the help of the software.
Apart from billable hours, the software also helps you to track working hours, average time spent on each project, the total time spent on each project, average time spent on all projects and other useful information. These statistics are handy for the employer as well. Since he/she can plan his/her working hours and expenses better, they can attract more freelancers into the business.
So if you are hiring a freelancer to work on a certain project, you can easily track how much they cost per month. Similarly, if you are running a time camp and are looking for employees, you can easily hire employees for the whole duration of the camp and keep them on a regular basis. The best thing about having a Hectic App like Time tracking for Freelancers is that it covers unlimited freelancing projects. Another important point to note is that the app also covers both standard and non standard time zones. Thus even if the freelancer decides to work from home, the application will show him/her where they are working.
Apart from all the other features, the best thing about freelance time tracking is that it can be completely integrated with your billing software or can be used separately as well. Thus, all the invoices sent from your accounting software will include the bill for the time spent on each client and the cost per hour for billing the freelancer. Hence the bills for the clients will also include the time spent by the freelancer on the project. This way, the freelancer can make better payment options based on the number of hours worked on a particular project. Further, the client can receive his/her invoice via email and not worry about sending a check or writing a new cheque. Get a general overview of the topic here: https://en.wikipedia.org/wiki/Freelancer.