Automated Timesheets: Why They’re Important for Non-Profits

Time tracking isn’t only for the profit making companies. Non-profits also need to keep track of time to ensure effective management of time and resources. Even though they’re more cautious about implementing new technologies and management techniques, a number of non-profit organizations have been embracing this effective time tracking solution.

Here’s how it helps them:

Ensures Accountability

Funders and grantors want to be sure that their money is being used in the projects they care about. With a time tracking program in place, the volunteers’ and employees’ worked time can be tracked effectively. It can also help them in calculating the overall cost of the project and timeline. Monthly and weekly reports can be created with the software that helps in presenting detailed reports and analysis to the grantors and funders as to where their money is being invested.

Increases Transparency

Time tracking software serves as an easy path to increase transparency. Non-profit organizations are subject to strict accounting standards; thus their expenditures and revenues need to be tracked accordingly. With automated timesheets generated by the time tracking software, the organization can keep a track of its time and expenses. This eases the audit process and ensures compliance with the standards.

Measures Performance

Following strict accounting procedures, non-profit organizations have to ensure that none of their resources are being wasted and that employees and volunteers spend their time working on projects.

The automated timesheets help in streamlining activities and assists non-profits to utilize their limited funds to accomplish more.

Assists Future Planning

Certain time tracking programs also help in forecasting the resources needed in future. This forecast is based on the trend of projects and budget. With this feature, non-profit organizations can make sure that they monitor their progress and plan ahead.

Flawless Payroll System

The automated time sheets created through the time tracking software helps in running a perfect payroll system. All employees have accurate timesheets prepared at the end of the month. No manual entries, no glitches in the time sheet! A faultless time sheet that helps in tracking hours the employees spent working and the amount that the company owes him.

Some time tracking program even posses an attendance tracking feature which further helps in operating an accurate payroll process.

Looking for the perfect nonprofit time tracking software? Get Chrometa now! This incredible software tracks time and converts automated timesheets to billable entries in just a click!