The time sheet and job cost tracking system   

Introducing Time Cost Manager - The time sheet and job cost tracking system

Time Cost Manager is a stand-alone multi-user time costing software system for Windows XP, Vista or Windows 7. It combines ease of use with powerful analysis and reporting tools.  Since 1996 the software has been providing businesses with a simple, low cost, and reliable means of storing and analysing time costing information. Time Cost Manager is dedicated to time, cost and job tracking and is not an accounting system. Accounting packages generally do not handle time costing well and high cost systems tend to take over your whole business. Time Cost Manager fills the gap by providing a safe, easily accessible means of storing your time costing information. It will bring powerful analysis capability to your business at an affordable price.   

Time costing is the recording, retrieval and analysis of time and cost information within a business. It allows for accurate tracking of the time and resources used in the delivery of products and services.  It involves the recording of time spent and costs incurred to provide products or services to clients. The the primary and most basic function of a time costing system is to keep track of the time and costs associated with a particular job (product or service).

Having gathered the time and cost information, it is then possible to analyse this data to give insight into the workings and efficiencies of your business.  A time costing system can examine the information in different ways to provide invaluable information to the business manager.  Reports can be produced to give information on the overall production of the business. It also provides up-to-date information of the progress of all jobs and delivers valuable information on staff productivity. On the strategic planning level, a good time costing system provides the ability to view different categories of jobs and activities to determine which are the most profitable.

How can Time Cost Manager help you?

The software has been designed to help business people on three levels of enquiry and use.  The first level is the operational level which is day-to-day use for accurate recording of job and cost information.  The second managerial level is to provide managers with accurate and timely information so they can make decisions based on work flow and billing.  The strategic or third level is to allow for a higher level of analysis regarding productivity, efficiency and cost recovery.  This level allows for analysis of the varying types of work carried on by a business for the purpose of strategic planning. Examples of the operational, managerial and strategic levels of use are as follows.

Operational use:

• Recording of daily time sheets and retrieval of individual statements for each job.
• Recording and searching of job records to find specific job information.
• Searching of cost records to find past activities on any particular day.

Managerial use:

• Tracking work flow and billing using ‘jobs in progress’ report.
• Entering and tracking time line events for job scheduling purposes.
• Comparison of quotes with actual costs to ensure correct invoicing.

Strategic use:

• Analysis of staff and job productivity in varying disciplines.
• Analysis and comparison of job types regarding cost recovery.
• Analysis and comparison of clients, job sources, and offices.

TimeCost Manager is designed to have minimal impact on your existing procedures and practices and is not designed to take over your business.  Time Cost Manager does what accounting software cannot do.  It will assist you with a panoramic view of your business economics and ultimately increase productivity.  The results are seen in the ability to identify viable jobs, accurately quote for future work and pin-point areas that drain time and resources.