Time is money, according to the well-known saying attributed to Mr. Benjamin Franklin, a pivotal figure in the American Revolution. Finding out how much time is actually being wasted is crucial in today's fiercely competitive world in order to increase productivity and get rid of work-related mistakes.

Understanding productivity, workflow, and time management on both a personal and professional level requires time tracking. Everyone in an organization, including managers, team members, and executives, needs it. However, there are a number of questions about time tracking in business, including best practices, how to track time, how to choose the best time tracking software, and how to implement time tracking for projects. The purpose of this guide is to address these queries and offer suggestions for the efficient use of time tracking in the workplace.

What is Timesheet?

Let's begin with the fundamentals. In simple terms, time tracking describes how companies record their employees' working hours. The hours spent on tasks or projects are then measured to ensure that workers are paid appropriately. 

In addition to being used for payroll, time entries give managers a secure way to see how much time their employees are spending on various tasks and how long they take to finish them. You can start thinking about whether that time is being used effectively once you know which tasks take the longest. The tasks that take the longest to finish or provide the greatest value are not always the ones that demand the greatest amount of effort. Quite the opposite, often.

These two use cases above are the most common reasons why businesses implement time tracking software, often referred to as timesheets:

What is TimePort or Time Tracking Solution?

Timeport is an easy-to-use tool for implementing effective time management software that lets you track and record the amount of time you spend on different tasks. Daily and weekly time logs can be kept, timesheets can be created, multi-level approval can be set up for timesheets, bills can be generated, and accurate reports for jobs, payroll, and timesheets can be customized. You can easily manage your company's productivity and keep a regular eye on your employees' time with this user-friendly time tracking tool.

What Are the Benefits of Using Time Tracking Solutions for Your Business?

Individual employees can gain important insights from time tracking, which shows that daily tasks like web browsing, emailing, and document searching are often regarded as trivial but can actually be among the most time-consuming non-billable tasks during a workweek. Employees can use this to assess whether their time is being wasted efficiently.

Effective time tracking requires user-friendly timesheet software that fits into your workflows, whether you're tracking time for internal teams or external partners. Therefore, I've compiled a list of the top free timesheet software options available that can do all of the above for bosses who need to track, record, and report on work time on a budget.

Time tracking has many advantages for businesses, including:

1. The openness of work processes
2. Employees are more accountable
3. Being aware of your operational efficiency and billing
4. Understanding the areas with the highest resource demand
5. Monitoring how much money is spent

Presenting Time Port, a simplified solution that increases task accountability and helps companies maintain control over their time management.

Digital HRMS (Human Resource Management Systems) can help organizations track employee working hours and manage productivity through an automated system. The Digital HRMS Timesheets module is an example of a task-tracking system designed to assist businesses in tracking employee productivity.