This requires them to implement an optimized and streamlined billing process in which they can easily record and monitor the number of hours spent by their employees on jobs or tasks, effortlessly collect expense reports, create accurate invoices that they can send to clients in a snap, and perform accounting functions with ease.

For example, they might have an application whose sole function is to track employees’ work hours, but they still have to manually re-enter information to another separate application used for creating invoices.

When you are implementing an advanced and modern billing software, you no longer have to go through such a time-consuming and painful billing process.

Employees with high morale or those people who feel satisfied and happy in their work environment are more likely to work harder and perform more productively than their counterparts, as revealed by a study conducted by the University of Warwick with regard to the connection between happiness and employee productivity.

The researchers in the said study discovered a common pattern in four different experiments and noted that happy employees exhibited a 12% increase in their productivity.

Printing multiple copies of documents and sending them out to managers, authorized personnel, or clients is a tedious process and lets you incur expenses.

Online time tracker is essential for business success, it helps to keep track on projects completion and employee performance.

Once your practice is established, it is time to begin marketing your services to prospective clients.

What sets apart one consultancy company from the next in the eyes of prospective clients?

Differentiation is all about advantageously aligning critical aspects of your consultancy against its positioning, in such a way that it creates something valuable and unique to its ideal clients.

If you do not have good differentiator in place, the only alternative left is to compete on charges/prices – and obviously, that is a race to the bottom.

A good website is the backbone of a successful brand.

Your business website will probably be the first place prospective clients land when they want to establish how experienced you are; so ensuring it is up-to-date, well-written, and professional is paramount.

Online time tracker software gives your employees a better focus

Do you always find your employees unsure of what they should be working on next?

Do you find them taking things casually even at a time when there is a pressing deadline to beat?

Thus, it goes without saying, billing software can help individual contractors and organizations optimize their billing processes, eventually saving them a lot of money.

Most importantly, with this data, managers can effortlessly export and share information and other financial data with board members, donors, and all relevant stakeholders.

They can get practical ideas from past projects about the number of hours it will take in executing similar projects.

One of the biggest roadblocks for the successful completion of a project is the lack of proper estimation.

At times, project managers tend to under-estimate or over-estimate a project.

Estimation, thus, is a critical aspect of project planning, which mainly comprises of a quantitative guesstimate of project resources, costs, or duration.

However, in this post, we will focus only on the top ten tips that can help you craft a reliable and nearly accurate estimate.

Once you have those critical questions answered, then you can come up with the right decision on what resources you will need, to make the project a success.

The clearer the scope is, the easier it will be to estimate your resources.

An online expense tracker lets you create and send custom reports that itemize your time for specific tasks or projects.

For some, it’s unnatural, wildly, and boring, but let’s agree; without it, nobody can get paid.

They need to track every minute and expense spent on their clients, which generally, can be a costly admin too.

No matter how brief the conversation was, remember, small bits of minutes every day can add up to significant billable hours at the end of the week or month.

Online expense tracker’s timesheets make it effortless to capture detailed, accurate data that clients appreciate.

More so, as an attorney, if you do not ensure accurate time tracking, it leads to reduced billable hours that ultimately affect your business profitability and bottom-line.

Seek for help when in need

Too often, small and medium business owners think that asking for assistance is a sign of weakness.

They go through unnecessary struggles while the help they really need is just a phone call away.

This can give you a new perspective or insight into something you were not even thinking about, leading to new opportunities for your business.

Sometimes, it is necessary to move beyond your comfort zone.

Time is money: Invest in online time and expense tracking solution

A general myth is that time tracking may be burdensome for highly qualified resources and may make them feel that they are being monitored or measured constantly.

Also, you can set the billing rates date based effectivity for the Project – Task – Resource combination.

Additionally, if your billing rates card is different for year 2018 and 2019, you can still maintain those date effective rates in AccountSight.

With this enhancement, a resource will be able to make an entry only for the project or task which are assigned on Advanced Pricing.

This help project owner to track your resource productivity and cut the time and unnecessary billing compliances.

Follow the below steps to set Restrict Time Entry

Login to https://www.accountsight.com/applogin/ as an admin

In next slides, You’ll find 7 proven strategies favored by consultants to market their practice.

Differentiation is all about advantageously aligning critical aspects of your consultancy against its positioning, in such a way that it creates something valuable and unique to its ideal clients.

If you do not have good differentiator in place, the only alternative left is to compete on charges/prices.

Taking advantage of social networks

One of the success contributors for consultancies or advisory firms is timely and accurate billing for services rendered.

As you are aware, many consulting businesses bill by the hour.

Accountsight is the user friendly, productivity driven time tracking and billing software for businesses and freelancers.

So, how do you go about choosing the best timesheet application for your organization?

The best timesheet software will allow project managers to track tasks, monitor project resources, and add project notes so that every team member can always be updated on the progress.

Support for invoice creation and recording of non-billable and billable time and expenses are other handy features which you should consider.

Overtime control is another feature that can make project manager’s lives easier and save them lots money.

A good time tracking solution like Accountsight lets project managers generate a range of reports that help them gain insights into aspects like time worked, invoices, and expenses.

The customer service should be able to offer phone, email, and live chat support so that users can promptly solve issues affecting the application during the integration period and squash any problems which may arise in the long run.

To send accurate invoice to your clients or customers it's essential to track amount of money spent on project and also helps you to analyse cost and profitability of your company.

Time management is crucial for all businesses, Here are few key strategies organizations can employ to ensure their time is managed and utilized effectively.

Digitalizing your finance department will not happen overnight.

Reaching your target will undoubtedly take a series of steps.

8 ways to make finance department fully digital

Without a doubt, digital technologies are making a big impression in finance departments around the globe — talk of processes becoming more accurate, leaner, faster and, as a result, more beneficial for the whole organization.

Here are 8 ways to go digital to boost your finance department’s overall productivity.

Sending digital invoices could be the solution to costly and time-consuming billing issues.

E-invoices guarantee a consistent invoice template; hence, you don’t have to always create invoices from scratch.

This means the organization gets paid faster, a thing any finance manager would love.