Business and Management

Time and Attendance Software for Payroll, Costing and Billing

If you can't measure something, you probably can't manage it. This time-honoured management mantra has never been more accurate than when it comes to tracking employee time. Increased competition and rising labour costs are forcing companies to use the latest tools to track employee time. One of the most popular and effective ways to achieve this goal is through the use of work and attendance software.

While salary is one obvious reason to use cloud clocks and software, different companies have different reasons for using it. Here are three main reasons companies choose online biometric attendance systems that come with traffic tracking software.

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The most common reason companies use time management software is for payroll. Employee salaries are a large part of a company's operating costs, especially for service-oriented companies that do not produce or sell inventory.

Advanced time attendance software generates detailed time and attendance reports that clearly define every aspect of employee time and attendance. Unlike traditional timers, this timer accurately tracks employee working hours in real-time, which can be accessed from anywhere, anytime via an online account.

In addition, time tracking software automatically calculates unpaid time such as paid meals, vacations and sick days while retrieving time tracking data. It also calculates and takes into account employee payroll features like benefits, payroll taxes, etc. These features are becoming increasingly useful in payroll accounting, saving valuable staff time that could be spent on other tasks.