Time and Expense Tracking: Plugin Profit Leaks

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As a business consultant, you understand the importance of maximizing your billable hours. If you’re not capturing every minute and ensuring that potential profit leaks are plugged in, then you’re effectively leaving money on the table.

Using a time and expense tracker app is so important. Not only does it help ensure that you’re managing your time in the most efficient way possible, but it will also help boost your bottom line. With TimeTrakkerPrime, you can be precise about what’s billable.

Time and expense tracking can be the difference between making a profit and breaking the bank. It’s important to get it right!

Why is project time tracking essential?

  • Whether you’re billing a fixed monthly amount, or by the hour, you will have an accurate log.
  • Tracking time means you’ll build a history allowing you to look back and improve your estimating, avoiding the risk of under billing.

Effective project time tracking is essential in order to be successful and maximize your potential profit. TimeTrakkerPrime can help you do this by capturing every billable minute and providing detailed reports of your activity.

Common profit leaks as a result of inadequate time tracking

Tracking your time will help you avoid silent profit leaks, as the old saying goes, “time is money.” Whether you’re working with fixed or variable billing you need to have an accurate log of your time. If you don’t, you’re almost certainly leaving money on the table. Undercharging is just as toxic as not billing.

The most common profit leaks are:

Cost of sales – for example, materials used.  Are you charging enough?

Loss of time – this can lead to undercharging for work that was completed.

Forgotten expenses – this can include travel, 3rd party, etc.

TimeTrakkerPrime – The Way Forward To Stop Profit Leaks

Effective time and expense tracking will help your business achieve your goals, increase the bottom line and improve productivity. Using a reliable and versatile time tracking app will ensure that your business stays on track financially.

TimeTrakkerPrime allows you to enter time and expense transactions on your smart device, in seconds. Create, print, and send invoices. Track and manage time, payments, and accounts receivables like never before.

Mobile technology also allows you to remotely capture and bill for time and expense whilst away from your primary workspace.

TimeTrakkerPrime. All Cloud. All Secure. Anytime. Anywhere.

Contact us for more information or download the app and receive a 30-day free trial.

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