Some even use artificial intelligence to create your daily time sheets. Automatic Time Capture Automatic trackers completely remove the need to manage timers or manually input data, accurately recording all your work activity for you in the background.On the other hand, whenever you're doing tasks that are important for the overall success of your business, such as bookkeeping or looking for new clients, you will mark these hours as non-billable. Billable & Non-billable Hours Billable hours are the hours you spend doing tasks for a particular project.Some mobile time tracking tools offer GPS tracking and geofencing as well. Employees can clock in and out using a dedicated mobile app. Mobile Time Tracking Mobile time tracking is the process of recording working time with mobile devices.Multiple Billing Rates Multiple Billing rate means a temporary indirect cost rate applicable to a specified period that is used for funding, interim reimbursement, and reporting indirect costs on federal or federal pass-through awards pending the establishment of a final rate for the period.Overtime Calculation Overtime calculation is the calculation of the extra hours for which the employees have worked.Timesheets were formerly known as time books. That means that, as an employer, you'll be able to see exactly how many hours each employee has worked for. Timesheet Management A timesheet is a physical or virtual tool that allows you to record and keep track of your worked time.
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