Accurately tracking employee hours is crucial for accounting firms to maintain productivity and profitability. Choosing the right time clock system to capture when employees start and stop work each day is an important decision.
In this blog post, we’ll compare different types of time clocks and key features accounting firms should consider when selecting an employee time clock solution.
Here are the most common options accounting firms have for tracking employee hours:
The old-fashioned paper timesheet is still used by some accounting firms, but it has significant downsides:
As a result, paper timesheets are increasingly rare in modern accounting firms.
Traditional punch-in time clocks use terminal devices with punch-in buttons and printout timestamps.
Pros:
Cons:
Smartphone apps allow employees to clock in and out from anywhere. Data integrates seamlessly into payroll and other HR platforms.
Pros:
Cons:
Fingerprint or facial recognition clocks prevent employees from clocking in for one another.
Pros:
Cons:
When evaluating time clock systems, look for these features:
An employee time clock that offers robust reporting and integrations provides accounting managers with valuable insights into staff productivity, capacity management, and profitability by client.
For most accounting firms, a time clock app delivers the best experience at reasonable cost. Features like GPS tracking and geofencing improve accuracy while mobile access fits today's flexible workplace. Just be sure to provide training and support to drive employee adoption.
As always, identifying your firm's unique time tracking challenges will ensure you select the time clock system that best fits your needs and budget. But taking attendance tracking out of spreadsheets and paper timesheets is a must to control labor costs and gain data-driven insights in the modern accounting workplace.
Create a free account
Open Time Clock is a powerful and user-friendly online time clock software designed for businesses of all sizes. It offers a comprehensive set of features to effectively manage employee time and attendance. With real-time tracking capabilities, employers can monitor employee hours from anywhere, whether in the office or on the go. The system supports various functionalities such as timesheet management, payroll automation, project tracking, and scheduling. It includes advanced features like geofencing, facial recognition, and GPS tracking to ensure accurate attendance records and prevent time fraud. Open Time Clock provides secure data storage, reliable performance, and flexible access options via desktop, mobile devices, and browsers. With its intuitive interface and extensive reporting capabilities, businesses can streamline their time management processes and enhance productivity. Sign Up Now!