9/10/2023 0 Comments Trackingtime pro![]() ![]() This also makes it hard for both you and your clients to budget when it's unclear how much time a job will take until it's completed. Thought: If you are in the business of selling time, you will limit the ability to scale your practice without adding additional staff since there are only so many hours in a day or a week. If you are billing by the hour, your revenue will decrease. By billing clients based on the amount of time spent on their work or project, you can ensure that you are being paid for the time you spend on their work.Ĭon: As you become more familiar with the work it may take your staff less time to complete the tasks. Pro: Tracking time for staff members allows for semi-accurate time billing of client work. While time tracking is still common practice in the profession, it's important to consider the pros and cons when deciding if to track time and what to use those time records for. While I found this information enlightening, I quickly found myself going down a rabbit hole, spending too much time analyzing the information where I could have been producing more work output and generating more revenue. We still tracked time for our staff and used the time reports to track team productivity as well as profitability by client. We made sure our engagement letters clearly defined the scope of what was included in the fixed fee and what the rate would be for any additional services needed. This practice not only allowed us to better manage our cash flow but also allowed our clients to budget for their accounting services. We quickly moved to a fixed fee service and based the fee on the average number of hours the work had previously taken us. After a few years I realized that billing for time limited our ability to scale and did not serve our clients well. When I originally started my practice back in the late 90’s everyone tracked and billed for time, it was just the way we did it. How do you decide when/if to track time for client billing and or payroll. Secure Notes - an encrypted secure notepad to store private notes etc.As always time tracking is a hot topic in the accounting and bookkeeping profession.Pattern Unlock (both visible & invisible) support on Android devices.Scrambled Keypad support (to prevent shoulder surfing).Copy/Paste capabilities with auto copying for external browsers.More than 8000 predefined websites and services & more added everyday.Enterprise password management with Hard Token (both HOTP/TOTP).Enterprise password management support with FIDO U2F support.Enterprise password management with Multi-Factor Authentication login.Sharing of access with teams without sharing of passwords.Sharing of access with teams without sharing of passwords & Authenticator codes.Advanced recovery capabilities with mobile phone number verification AND custom recovery set up (Bring Your Own Question and Answer - BYOQ & A).Backup and Restore capabilities turned off permanently. ![]() Backup and Restore capabilities in case you lost your device.Ability to remotely delete other devices.You can clone/sync your password manager onto multiple devices.Ability to customize the Display Name of your Password Manager.Can be coupled with the Authenticator for Autofill & Autologin on both the mobile & computer.Secure your passwords with two-factor authentication & add the Authenticator to it where possible.Autofill & Autologin within the mobile app.Autofill & Autologin on your computer with the browser extension from the SSO Client.Autofill & Autologin on your computer with the browser extension from the web portal.The SAASPASS password manager comes with a number of features: Two-factor authentication for enterprises is available in a number of formats including the SAASPASS mobile app, hard tokens and USB tokens that support the HOTP and TOTP standards, and FIDO U2F tokens that also include Yubico's YubiKey. ![]() This even includes websites and services that the Authenticator (TOTP) has been added to in addition to the username/password. The enterprise password manager also comes with a number of convenient features that include sharing access to teams (or 3rd parties even) without ever sharing passwords. In addition to providing enterprise-grade password management, SAASPASS allows corporations to secure access to websites, services and accounts with multi-factor authentication. It is available on a freemium basis ( pricing listed here). The SAASPASS enterprise password manager can be used in the corporate environment. ![]()
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