Networked Time Clock Software
Networked time clock software is an accounting software that is utilized to record and store the amount of work hours an employee spends on a company and can be accessed by the time keeper through the company’s network (usually by way of Local Area Network or LAN). Networked time clock softwares allow employee to enter their time (or usually referred as “login” or “logout”), by which the supervisor or personnel manager has the choice of whether to approve or reject.
There are lots of networked time clock softwares available on the market these days. These networked time clock softwares can either be a “stand alone” networked time clock software or an “integrated project management system” networked time clock software. Stand alone networked time softwares are networked time clock softwares that are only utilized for documenting timesheets and creating reports. While an integrated project management systems are networked time clock softwares that use timesheet data to chart the effort that is utilized on each project or assignment.
Networked time clock softwares were originally created to simplify the payroll process of an employee. Time clock softwares are capable of recording the start, or end time or just the time phase of a project or task. Some time clock softwares are capable of storing information, like for example, a detailed breakdown of assignments that were accomplished all through out the duration the project and the total number of worked hours an individual has performed on the project or assignment. These information are used to process the payroll, billing and various aspects of the project (like project costing, assessment, tracking and management).
As with almost everything in this world, networked time clock softwares has its advantages and disadvantages. Time clock softwares can reduce expenses in three ways.These are: by simplifying the process of the payroll, by making the expenses visible so you can adjust them if the expenses are too high and by automating the costing and invoicing. Time clock software can also enhance the profits by automating the billing. This will make the company have more accurate invoices of the work hours of the employees and hasten up the payment and reduce the hassles of ‘dropping’ costs.
One the other hand, there are also some disadvantages in networked time clock softwares. There are some employees that detest the use of these softwares because of the control the employer has over them and some employees have little faith in supervisor’s or manager’s ability to utilize the information fairly and with intelligence.
If you want to try these networked time clock softwares you can find lots of these softwares in the internet. Some are freewares, while there are some that can be used on a trial basis.