The Importance of Timely Timesheets

Written by Mark Nemtsas


The Importance of Timely Timesheets Whether you are a small consultancy firm, a medium sized accountancy practice, or a code warrior for hire in a back room of your house then you have at least one thing in common: you are in business to get paid quickly, and forrepparttar work you have done. Timesheets arerepparttar 104299 usual method for tracking time you spent working and thus arerepparttar 104300 key to timely invoice generation. Timely invoice generation and despatch is important for two reasons:

1. You are more likely to get paid for your servicesrepparttar 104301 closer you presentrepparttar 104302 invoice for payment torepparttar 104303 time you didrepparttar 104304 work. 2. Poor cash flow kills more businesses than poor profitability.

Timesheets used to be monthly, then weekly, daily, and now can be updated torepparttar 104305 minute. A timesheet software package like Timesheets MTS or Timesheets Lite is simple to administer, is simple forrepparttar 104306 casual user to enter time, and most importantly is simple forrepparttar 104307 accounts department to use and generaterepparttar 104308 reports they need for prompt invoicing.

Don't Be Held To Ransom

Written by Arthur Cooper


I was talking to a businessmanrepparttar other day who was bemoaningrepparttar 104298 fact thatrepparttar 104299 company for whom he works was being held to ransom by a single individual, a freelance contractor, who wasrepparttar 104300 only person capable of maintaining a vital software system for them. He could more or less charge them what he liked.

How had this come about? How can you avoid this in your company?

Inrepparttar 104301 past, in order to speed up software development and prolongrepparttar 104302 life of their older mainframe computer systems, this company had invested heavily in a particular proprietary “Rapid Application Development” (RAD) software system. This became an integral and essential part of many of their critical applications.

Unfortunately, this particular RAD system did not catch on inrepparttar 104303 wider marketplace. It is not widely used, and is now also rather dated. Consequently it has become increasingly difficult to find people withrepparttar 104304 necessary skills orrepparttar 104305 wish to acquire them. Those few individuals withrepparttar 104306 required skills can holdrepparttar 104307 company to ransom.

Don’t let this happen to your company.

Here are a few simple guidelines on how to avoid finding yourself inrepparttar 104308 same position.

1.Don’t be an “early adopter” of new software systems. Make sure a product has an established client base before climbing aboardrepparttar 104309 bandwagon. 2.When you buy a software package, use it as close to standard as you possibly can. Don’t demand masses of special modifications. You will be building up huge maintenance problems (and costs) forrepparttar 104310 future. 3.If you must have non-standard add-ons to standard packages, getrepparttar 104311 knowledge transferred in house. Don’t put yourself in hock to your suppliers. 4.If replacing old systems, make sure you do it fully. Don’t let an old system be kept and used for just one small function. The eventual (increasing) maintenance will far exceedrepparttar 104312 (reducing) usefulness. 5.Don’t loose sight ofrepparttar 104313 life cycle costs of a system (purchase, installation, maintenance, replacement). Don’t stop at justrepparttar 104314 first two of these items.

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