When dealing with multiple projects, you can lose track of time. Traditional project estimate maker software can be integrated with free timesheet management software to help you monitor employee productivity and complete your projects way before time. You can use the latter to generate time reports and timesheets. Before we move on to understand how you can manage projects with free timesheet management software for employees , let us know more about it.
What Is a Timesheet?
A timesheet acts as proof of work done by employees. These records are used by human resources, payroll, and the accounting department to pay employees based on hours worked.
Besides, these let you monitor your time and keep project tasks streamlined. You can also use them for capacity planning, estimating your team’s availability, and expense tracking.
Types of Timesheet
There are three main types of free timesheet management software for employees used with project estimation software.
1. Paper-Based Timesheets
The simplest way to create a timesheet is on paper. Unfortunately, while it can save you money, it can be difficult to find them, and you will need to manage a huge pile of documents.
2. Electronic timesheets
Electronic timesheets can easily be made in spreadsheets or Excel. You can categorize or break down your project into categories and use these to streamline your payroll process. But, it will not be profitable in the long run, as you will need to spend a lot of time entering data and coordinating between various departments.
3. Online Timesheets
Free timesheet management software let you record your team’s logged hours on a real-time basis. These are filled automatically as and when the tasks are completed. Moreover, it will also copy your ongoing tasks.
Once a sheet is prepared, you will be informed automatically, and the sheet will be locked. Thus, helping you build an organized process and save on precious time. For further clarity, you can also choose to create printable timesheets.
Benefits of Integrating Free Timesheet Management Software with Project Estimation Software
When you use project estimation software to manage different resources, timesheets become essential. Not only do they give an accurate overview of your team’s workload, but they also let you monitor your projects better. Here are some benefits of using free timesheet management software.
1. Determine Availability of Team Members
Free timesheet management software makes sure you assign tasks to available team members. Moreover, it lets you identify and quantify work in terms of time spent. As a result, you get uncomplicated project management.
2. Anticipate Delays
The timesheets hold all information regarding delays during the completion of the project. These include employee absences, difficulties faced while performing tasks, or an excess of meetings. Once you know the reasons, you will be able to replan your schedule and make changes to meet your deadline.
With free timesheet management software, project managers can track progress in real-time. This will help them manage projects better and avoid any mishaps in the future.
3. Estimate Cost of Project
Project estimation software, when integrated with timesheets, provides you with the correct cost for each project. This is because every aspect of the project is matched against the time spent, which results in the seamless execution of projects.
4. Workload Analysis
Timesheets are an excellent way for employees to motivate themselves and prepare for the upcoming workload. It also helps them plan their tasks better and upskill them over a time period.
5. Track Progress Against Deadlines
When coupled with free timesheets, project estimation software lets employees stay on top of deadlines and track their progress with ease.
6. Bill accurately
Having free timesheet management software lets you bill your clients accurately. Besides, it helps you build credibility and prove to your clients that their project is being handled efficiently and money is being utilized effectively. Moreover, they will no longer check the status of your projects and serve as proof of your dedication.
7. Automate Billing
Service-based organizations depend on timesheets for their billing processes. So, using a software solution for the same can let you automate your billing and invoicing needs and increase revenue in the long run.
Thus, we discovered how managing projects with free timesheet management software could help you streamline tasks and stay on top of your project needs. Besides, it also lets you boost employee morale and instill a sense of accountability in them. All-in-all the perfect solution for meeting your organizational needs.