Accurate time tracking will let you figure out which jobs are more profitable than others by allowing you to compare your time spent against the value of the work that time is used for. Some jobs take longer than others, sometimes you might be charging clients at different rates for different tasks, or charging a fixed price on tasks that might take up differing amounts your time resources. Time Tracking Will Help You Figure Out Which Contracts Are Profitable Use powerful reporting insights that time tracking can provide to push yourself to be the very best you can be in your industry. Work efficiency is a thing to be coveted especially by contractors – you will win out over competitors if you can build a reputation for efficient work and back that reputation up with your time records. Your clients will quickly come to appreciate the productivity boost which is indirectly caused through use of project time tracking. You will be able to make more accurate estimates of how much time a given project will need, letting you organise and plan your workload with greater efficiency.

Time tracking is about more than just managing the client relationship– it also helps with productivity! Time tracking will allow you to identify areas where you are being inefficient with your time, as well as letting you race yourself against the clock to get your work done in a timely manner. Time Tracking Helps with Efficiency as An Independent Contractor All in all, contractor time tracking provides a useful tool for a variety of problems. You can also provide transparency around how long any given task is taking you to complete – your client will appreciate your open-book approach to the relationship you share. Being able to ‘show’ how you are spending the time your client is paying for is a great way of ensuring there are no disputes over the bottom line. Having an accurate contractor time tracker is important in order to ensure there is no dispute over work completed or how the contractor’s bill is broken down. Contract work can often occupy an awkward space when it comes time to bill.

Time tracking for contractors