Benefits of a Time Tracker

More and more companies and freelancers are starting to use a time tracker, and for good reasons! A time tracker can be very useful in various ways. Here, we list all the benefits of a time tracker so you can decide if it’s a good fit for you or your employees.

1. You can calculate hours fairly and efficiently

By consistently tracking when you start and stop working for a particular client, you’ll get a clear overview of the total hours you’ve spent on that client. This also makes invoicing a lot easier: you can immediately see the hours worked and multiply them by your hourly rate to calculate the total amount. You can even share the time tracker’s data with your client to foster transparency and build trust.

2. Useful tool for tax returns

The income tax freelancers pay depends on the hours worked by entrepreneurs or employees. The hours reported on the tax return must be accurately accounted for, making a time tracker an excellent solution for this.

3. Increases awareness of time management

With a time tracker, you become much more aware of how long it takes to complete a task. The time tracker can help you work faster and more efficiently. For example, you might take two hours to write an article one time and then aim to finish five or ten minutes earlier the next time. As the timer runs in the background, you gain a clear sense of how much time you have left to complete the task.

4. Improves insights into the profitability of a service or product

With a time-tracking app, you can easily see all projects and the time invested in them. This overview helps you better understand the efficiency, productivity, and profitability of a project. With this knowledge, you can make informed decisions to improve efficiency, which in turn boosts revenue.

5. Helps meet the time-tracking requirement

The European Court of Justice has made time tracking mandatory for all European companies. mandatory.

Businesses are required to set up an objective, reliable, and accessible system to record employees’ daily working hours. A time-tracking app like Keeping is perfect for this purpose.

As you can see, there are many advantages to using a time tracker. With Keeping's time tracker, you can track your time records anytime, anywhere. We offer a user-friendly interface on the website, as well as the option to track time via our Keeping app. If you’re interested or have questions, feel free to reach out.

Start tracking your hours today. Sign up for Keeping and enjoy a 14-day free trial of the Plus plan.