Running a small business is challenging. We are constantly required to perform a wide variety of tasks. For many of us, we could probably define our job descriptions as: do everything! Unfortunately, a portion of the everything that we do doesnt contribute directly to the income of the business. However, sometimes by adding a little extra administration we can actually improve our productivity. In this article we are going to take a brief look at timesheet systems, and determine if and how they may help us improve our cash flow.
If you are reading this, than chances are that you have already seen a need to implement some kind of time tracking system. If you are already using timesheets in your business, you should be aware that some systems are better than others, and it is worth taking the time to investigate whether the system you are using is providing you with the maximum benefit.
Businesses that bill clients for their time will need some method for keeping tabs on the jobs they work on, in many regions this is a legal requirement. While other businesses types may not see any obvious reason to implement a timesheet system, there are a lot of good...