Having the right information at hand has to be a key to getting ahead. Time saved on the mundane tasks means more time spent on real issues like working to keep the client happy

But more than that, keeping tabs on where the resources are being spent has several other benefits.

When project outgoings can be accurately compared with what’s coming in, it helps directors spot problems early, while there is still time to take remedial action. Boardroom discussions of project finances become more meaningful when facts replace conjecture, and everyone can share in the decision making process.

When costs become accountable this inevitably encourages people to use resources more carefully – not a case of Big Brother, more an incentive to make the best use of resources when one feels the extra effort is being appreciated.

When jobs are on an agreed time charge it becomes easier to recover fees that might otherwise be overlooked.

When clients query the fees you are billing them, it is a simple matter to provide them with a report showing how the charges are based. Not only does this alleviate any bad feelings but your clients will be impressed by the proficiency of your organization.

We have experienced all of these benefits, and more, simply by keeping track of Time and Expenses. Apart from that and the data already being entered into the accounts system (invoices, cheques received etc) no other data entry is required!