Save Time & Money

6 Ways to Track Time & Expenses

Jun 4 2018 read
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During any given week, you’re flat-out planning projects and making sure your team is working hard to turn them around on time.

On top of all of that, you’re busy meeting with various clients to ensure they’re happy with your progress. With all of this going on (and more), do you really know how your projects are tracking or how much work is yet to be done? More importantly, do you know where your budget is being spent?

These insights are critical for growth and can be identified with cloud-based software that gives you all the information you need, in real-time. A client work management platform like Accelo will help you get those insights and ensure your team comes out profitable (every time) by proactively tracking deliverables and budgets. Here’s how:

1. Time Tracking

When getting set up with a client work management platform, you can choose to automatically track time or manually enter the number of hours you've spent on a project so that everyone on your team knows how well you're utilizing your time. Hot Tip: automatic time tracking means you have one less thing to worry about at the end of your day - so that you can focus on your high-value projects rather than manual busywork.

2. Asset Tracking

Easily customize and link assets to a specific project so that you have access to everything you need in one place. Anyone on your team can track the activities related to an asset (like emails, notes, and meetings) to increase transparency and ensure everyone's on the same page when it comes to the status of a certain project.

3. Resource & Utilization Tracking

With a client work management platform, you’ll even be able to track tasks and calendar meetings assigned to each person on your team. This way, you’ll always have access to a single view of staff utilization, that updates in real-time, to show you where the most effort is coming from.

4. Task Tracking

Go one step further with simple, drag-and-drop task boards that let you create and assign tasks, leave comments, and see each other’s workload from one place. You can even opt-in to receive an automatic notification when a task is complete or if changes have been made - to avoid double up and increase productivity.

5. Workflow Tracking

Easily define the workflow components of a project and give them details about budgets, durations, and most importantly, dependencies. This allows you to track the progress of your project just as you would if you were building it in traditional software, but in this case, it is cloud-based and live.

6. Budget Tracking

Accelo's technology lets you track budget usage in real-time as staff members log their hours against tasks, activities, or projects (even if they're working on the fly). This function gives managers forward-looking visibility on a project's budget to predict problems before they occur and prevent scope creep from setting in.

If you’re ready to track time and expenses with more ease and accuracy than ever before, it's time to try Accelo for free today - just click here!

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