Covid-19 has led many companies to recommend their employees work from home. For many, remote workers are a new reality and one that takes some getting used to. Whether it’s done by choice or by necessity, working from home has its benefits, like avoiding your daily commute. But it also means it’s up to you to motivate yourself and get as much out of your time as you would in an office setting. All of this has changed the way of conducting business. Consumers’ resources are scarce like never before, work-from-home has become a prevalent part of the work culture, coordination of teams is getting more challenging, and the list continues.
Employers
& managers are facing various problems in managing time and resources which
in turn is hampering the productivity of the work. One needs 3 important things
to successfully work from home.
With such looming challenges of remote working, there has been an increase in appetite for management & connectivity services in the market, especially in the B2B sector. Employers & managers are heavily relying on web-based services like Zoom, Notion, Hubstaff & xTimesheetfor managing their expenses, keeping track of their project progress & many other aspects of their business. Furthermore, businesses are getting increasingly inclined towards a digitized framework to keep their head above water, in these times.
xTimesheethas been a pioneer of this new economic order, with its built-in features like project expense & progress tracker & employee work/hour monitor, xTimesheet is providing an easy-to-use & efficient solution for business-owners, of all scale & size. With the help of determination, pragmatism & xTimesheet,your business, too, can wade through this crisis, to emerge stronger & perseverant than ever.
The world is
undergoing one of its most turbulent periods in history. The streets are
deserted, people are losing jobs on a massive scale, and markets have been crashing
all across the globe. The destructive market impact
that has resulted from the covid-19 quarantine measures have already driven
many SMB companies out of business, while others are balancing on the verge of
bankruptcy. As some business owners admit, their companies can only pull
through one or two months of the quarantine period. Beyond that point, the
future looks grim and uncertain.
COVID-19 has taken the World by storm – xTimesheet can help
With such looming challenges on the horizon, there has been an increase in appetite for management & connectivity services in the market, especially in the B2B sector. A complete online shift will be a viable strategy for many SMB business. Employers & managers are heavily relying on web-based services like Zoom, Notion, Hubstaff & xTimesheet for managing their expenses, keeping track of their project progress & many other aspects of their business. Furthermore, businesses are getting increasingly inclined towards a digitized framework to keep their head above water, in these times.
One way or the other, the COVID-19 outbreak
will subside, and the global economy will embark on the long and painstaking
journey of recovery. How well your business survives the crisis will depend not
only on its inherent resilience but also on how well you prepare your company for
the coronavirus lockdown and its limitations. We don’t mean to sound overly
optimistic, but for some small businesses, the coronavirus crisis may be loaded
with opportunities. Because of the great shift in the job market, SMB companies
have the potential to attract better talent and enrich their human capital. The
shift in demand is also the best time for startups to introduce new products
and services for the vast online market and its diverse community of customers.
To manage the new economic order of the SMB companies in this period of crisis, SMB companies need to adapt to online ways for their smooth management without spending a ton on this. xTimesheethas been a pioneer of this new economic order, with its built-in features like project expense & progress tracker & employee work/hour monitor, xTimesheet is providing an easy-to-use & efficient solution for business-owners, of all scale & size. With the help of determination, pragmatism & xTimesheet, your business, too, can wade through this crisis, to emerge stronger & perseverant than ever.
Join for free, with up to
5 members, on www.xtimesheet.com or download the
xTimesheet app on Google Play Store or Apple App Store.
The world is
undergoing one of its most turbulent periods in history. The streets are
deserted, people are losing jobs on a massive scale, and markets have been
crashing all across the globe. Restructuring of the society, on this scale, was
unthinkable as less as a year ago, yet here the situation stands. All of this
has changed the way of conducting business. Consumers’ resources are scarce
like never before, work-from-home has become a prevalent part of the work
culture, coordination of teams is getting more challenging, and the list
continues.
With such looming challenges on the horizon, there has been an increase in appetite for management & connectivity services in the market, especially in the B2B sector. Employers & managers are heavily relying on web-based services like Zoom, Notion, Hubstaff & xTimesheet for managing their expenses, keeping track of their project progress & many other aspects of their business. Furthermore, businesses are getting increasingly inclined towards a digitized framework to keep their head above water, in these times.
xTimesheet has been a pioneer of this new economic order, with its built-in features like project expense & progress tracker & employee work/hour monitor, xTimesheetis providing an easy-to-use & efficient solution for business-owners, of all scale & size. With the help of determination, pragmatism & xTimesheet, your business, too, can wade through this crisis, to emerge stronger & perseverant than ever.
Billable hours can be
defined as the amount of time a business may spend on their projects &
charge their clients accordingly, on the basis of an agreed-upon hourly rate.
Businesses, agencies, entrepreneurs & even freelancers have adopted the
billable-hours model to charge their clients for the services provided. To
summarise, in order to charge by the billable hour, workers need to track the
amount of time they spend on each client’s projects every day.
To feasibly charge their
clients, any business would need to undergo the following stages:
Coming up with an Hourly Rate: Before the tracking of billable hours start, the hourly rate needs to be determined, in order for businesses to charge the clients for the work done. Start with setting a target for the annual salary you’d like to earn & do some research to make sure your target salary is in line with what the competition is charging its customers. Once you have a salary in mind, divide it by the number of working hours in a year. Upon determining the hourly rate, you may wish to raise it slightly to offset the amount of time you’ll spend working on non-billable tasks, like administrative work and client pitches.
Determining an invoicing cycle: The next step is to determine an invoicing cycle, that is, how frequently the client is going to be invoiced. An invoicing Cycle could be weekly, monthly, or annually.
Keeping track of time: Using timesheets to record your work hours, according to the project, will help you keep your accounting on track.
Creating a detailed & accurate invoice: A detailed invoice, mentioning each service provided along with your hourly rate, will make it clear for the client to comprehend the precise value they would be getting for their money.
However, undertaking
these tasks & making sure that each stage is completed flawlessly, may turn
out to be a monumental task.
Enter xTimesheet. xTimesheet has all the tools to help you manage your billing hours effortlessly. From tracking work hours to managing administrative expenses & generating invoices, xTimesheet has your business covered on all fronts. xTimesheet is suitable for businesses of all scale- Be it small or medium-scale firms, large-scale corporations, or budding entrepreneurs & freelancers, anyone can benefit from what xTimesheet has to offer.
Join for free, with up to
5 members, on www.xtimesheet.com or download the
xTimesheet app on Google Play Store or Apple App Store.
Today, mankind is facing one of its most tolling crises in history. The whole world has come to a standstill, with lockdown prevalent over the globe to prevent transmission of the COVID-19 virus. Economic activities have not been immune from this misfortune either. There have been large-scale layoffs across the economic sector along with stock markets crashing globally. Keeping your business up & rolling would be a colossal challenge in itself – but, if it’s done right with some tweaking and adapting, this crisis can be turned into an opportunity for your business to not just survive, but progress.
For
this, strategic management of the resources you have at your disposal can prove
to be the game-changer. Consumerism is going to undergo a massive upheaval with
more and more businesses adapting to the digitalized model, to keep their
customer outreach steady among the social distancing scenario. The poster child
of this paradigm shift is none other than ZOOM, which has strategically
focussed its resources on the video meeting aspect of its application and has
reaped abundant benefits from this investment
But
connecting with your associates is just one aspect of this strategic resource
management, but there would still be many loose ends like staying updated on
your expenditures, work hours, invoices, reports etcetera.
Emerges, xTimesheet, combining
all these features into a single platform!
xTimesheet has a vast array of timesheet features including
1.
Modern Time Tracking and HR Tools to Boost & Guard Your Business
2.
Employees worked Hours/Expense tracking
3.
Complete Automation to increase overall productivity.
4.
The project worked hours statistics
5.
Quick approval of employee hours
6.
Invoice, Reports & Dashboards to facilitate easy monitoring.
7.
Significant Reduction in administrative costs
8.
Increased employee productivity
9.
Different roles provided to the employees based on the role view of app
changes.
With
these features encompassed into a single mobile-based application, managing
your business resourcefully from the safety of your home has never been easier!
It has been a common saying “Go
big or go home”, especially among the business circles. Bigger has always
been better, right?
Consider the case of PanAm. At its prime, PanAm was the largest airline, not just in the US, but in the entire world. Yet nothing could save it from bankruptcy in the late 20th century. With more than 22300 employees & numerous air routes spread out around the globe, mismanagement and unpreparedness led to its downfall.
Of course, Pan Am is just one of the
examples where size couldn’t save these corporations from going into a rut.
This just goes on to show how size doesn’t necessarily equate with productivity
& efficiency. Productivity requires discipline, critical thinking, tracking
& self-evaluation.
Quality always trumps quantity in this
new era of business.
A well-managed team with appropriate tracking, consistency & accountability can do wonders for any business. There can be many parameters on which a company needs to be continuously tracked including timely project progress, expenditures, target vs achieved, work hours, and other KPIs. To solve this problem, we have come with a solution-xTimesheet.
xTimesheet is a mobile-based application that can help you track your expenses, project progress, approve employees’ work hours, invoice/report dashboard, and much more, all on a single platform. Appropriate monitoring of these indicators can help you scale your business to new heights, with no regard for how large your team is. Apart from these features,xTimesheetcan help you create a community of up to 5 members, absolutely FREE!
Timesheets App for time tracking. Manage your employee’s work hours with xTimesheet app. XRM Labs timesheet allows efficient and exact time recording, is now easy for the employees to keep accurate track of hours worked, project changes, employee notes, and more. You can easily add your task name or project name manage your projects, overview your work of days, weeks, and months. Generate invoices, track your monthly expenses. With xTimesheet app get push notifications and automated reminders via email right into your device to keep you informed. xTimesheet app also handles the timesheet approval system efficiently. We also support the online community for timesheet app assistance. Assign projects to employees and generate reports via excel file.
xTimeSheet App Features
1. Modern Time Tracking and HR Tools to Boost & Guard Your Business
2.Track employee worked Hours/Expense
3.Complete Automation
4.Project worked hours Statistic
5.Quickly approve/ employee hours
6.Invoice/Reports/Dashboards
7.Reduce administrative costs
8.Increase employee productivity
9.Different roles provided to the employees based on the role view of app changes.
10.Track worked hours anywhere, anytime!
xTimesheet app has a user-friendly UI! And it can be used with ease without much complexity. xTimesheet app is free for up to 5 users. There are no hidden charges and no credit card required. The XRM labs timesheet is the time tracker that makes it easy to records and overview work hours for employers that want to keep track of their Daily working hours per project.
As we talk about the current time still most of the companies
relied on pen and paper to manage their timesheets. As few small businesses still
rely on this obsolete method. The issue with paper timesheets can easily be interfered
with, which can cost organization a large amount of money and loss of wasted
admin hours. Employee expense handling
is still one of the most common frustrations for both employees and managers.
With using xTimesheet expense and its approval
made simple. xTimesheet diligently combines the time entry and expense entry
all together in a project.
Easy Expense for Everyone
xTimesheet takes an advanced approach to expense module, with this employee can get expenses into the system quicker and more easily than with any other software in market. And as it’s completely web-based application, there’s no more waiting to get back to the office – expenses can be entered from anywhere like home or from the road while you are heading back to home. You can even track expenses through your xTimesheet mobile app.
Step 1: Add Expense
Following would be the steps to add expense to any project. To do so go to the Expense menu.
Any expense which is occurred during execution of any work related to the selected project can be added here and later on Invoicing it can be clubbed with other cost of this project.
Expense approval also has following views for the approval manager for the easiness. Selected view will display all the record which falls under the selected category.
Click on the new button to add new expense. A new form will open, user will need to enter the details and click the save button.
Quick and Easy Expense Approvals
Approving expense through xTimesheet is fast. it’s as easy as clicking just an approved button against any expense record. Once approved, expenses automatically appear on selected project for payment, invoicing, or accounting. Administrator can assign the approval manager role to any of his company user who has a login credential in this xTimesheet.
Step 2: Expense Approval
Approval manager can approve or reject any expense record for any project from here. There are three actions that can be taken from here which are available in last column- first is view receipt, second is approve button and third is reject.
xTimesheet is an Online Entry timesheet and Time Approval system which is very powerful, yet easy to use with functions like weekly timesheet time entry, time approval, invoicing, invoices approval and expense along with its approval. xTimesheet is offered as an online subscription service, which means you can be up in just 5 mins registering yourself and in another 5 mins creating your project and users and start immediately, with no investment in hardware, software.
The Online Entry, Time Approval, Expense Approval, invoices approval xTimesheet time management software is ideal for medium to small -sized companies that need to capture detailed information on project management time tracking who spends how much time and on which projects they are currently working on and based on these time entry billing can be done to customers.
xTimesheet Online Time Entry
xTimesheet Online time entry is built so easy that anyone with minimum computer knowledge can use effortlessly to fill his daily worked hours. User just need to select the project from the dropdown and a task related to the selected project and enter work details and time against it. Its as simple as it looks.
Current week will be displayed by default if
user wants to fill the Time entry on any back date then he can click the back
arrow near the date and can fill time entry on back date.
To fill time entry user just need to click on the date in which he wants to fill the work details as shown below in screen shot and click save button. Similarly, user can edit and delete any existing entry by clicking that day time entry.
xTimesheet Online Time Approval system
Approval of time entry done by employees is also pretty much straight forward. In order to this administrator of xTimesheet just need to assign a role of approval manager to a xTimesheet user under his signed up xTimesheet account and that user can simply log into the xTimesheet billable time tracker website and can starts with approval of time entry.
In order to approve time entry, user need to
click on the approval menu and select ‘Time approval’ sub menu following view
will display with 4 different types of view. User can select the required one
but by default the page will open with ‘Pending Time entry’ views.
Under this ‘Pending Time entry’ view all the
entries which yet to be approved by Approval manager will display.
Further approval manager approves the time
entry by entering the number of hours which he wants to approve against the
hours filled by user in each row. Approval manager can enter his value of hours
like in 4 hrs. against 6 hrs. of actual worked hrs.
Approval manager can also reject any record by clicking the
Red cross button. The rejected record will be sent back to the respected
employee to update it and submit back for approval. With this online time billing software
user can easily do the following Online Entry, Time Approval, Expense Approval, invoices approval,
Invoices approval Flow. Its project management time tracking software.
Online invoicing and its approval are some of the primary features of the Online Entry timesheet and Time Approval system which is very simple and easy to use yet very effectively and efficiently manages the functions like weekly timesheet time entry its approval, invoicing and its approval.
The Online invoice and approval through xTimesheet time management software made so easy that anyone with minimum computer knowledge can work on it. And start billing to the client the invoices of the projects in no time by only putting minimum effort into it as the system automatically picks the approved hours for invoicing. With this feature, it saves a lot of time for users while creating invoices.
xTimesheet Online Invoice viewing Process
In this blog, I am going to show you the steps to create, edit, and approve invoices from xTimesheet. The mentioned steps will help to understand the user interface, how to organize your data, and use data.
To create an Invoice for any project, go to the Invoice menu.
By default, the “My Invoices” view will be selected and display user invoices with their current status. There are other views also present which can be changed by expanding the “My Invoice” dropdown.
xTimesheet Online Invoice Creation Process
To create a new invoice, click on the New button on the top right corner a new form will display with four processes Basic Details, timesheet Details, Expense, and Finish.
Step 1: Enter the Initial details
Step 2: Display approved hours automatically and users can enter any discounted number of hours which they wish to give to the client (optional feature) along with its Invoice rate. Rest calculation will be performed automatically.
Step 3: In the next process add any expense which falls under other categories it can be added from here along with its description and the expense summary for the selected project will auto calculate its self and display.
Step 4: And finally click the Generate invoice button and the process will be completed. And the invoice will be sent to the approval manager for the approval process. A final view of the Invoice which is generated will be displayed user can view all details and click the Finish button to end the process.
xTimesheet Online Invoice Approval Process
Approval of time entry done by employees is also pretty much straight forward. In order to this administrator of xTimesheet just need to assign a role of approval manager to an xTimesheet user under his signed up xTimesheet account and that user can simply log into the xTimesheet billable time tracker website and can start with approval of Invoices.
When the invoice is created for any project then the next step is to get it to approve by an approval manager. To do so click on the Approval menu and select the Invoice Approval sub-menu.
In order to approve Invoices, the User can select the required one from the default view ‘All Pending Invoices’.
Under this ‘All Pending Invoices’ view all the entries which yet to be approved by the Approval Manager will display.
Further approval manager approves the Invoices by entering the Approval remarks against each record he approves or disapproves. The approval manager can also reject any record by clicking the Red cross button. The rejected record will be sent back to the approval manager to update it and submit back for approval.
With this online time, billing software users can easily do the following functionality much more efficiently and effectively Online Entry, Time Approval, Expense Approval, invoices approval, Invoices approval Flow. It’s a project management time tracking software.
