Q & A: Do you really need Project Accounting Software?

The questions below are intended to help answer the question of your need for project accounting software.  Or at least our offering of Standard Time.  Read the questions below, and download a copy of Standard Time if they help answer your need.

Q: Do your employees work on time sensitive projects?
A: The answer to this is probably obvious.  Yes.  You've searched for project accounting products, so your employees are probably working on such time sensitive projects.

Q: Do you bill clients for your time?
A: If so, Standard Time is designed for that very purpose.  It allows you to build a list of tasks for each client project, assign them to employees, and track time to them.  Project accounting consists of both time and client amounts.  Both are automatically computed when employees enter time into the timesheet.

Q: Do you keep track to project hours?
A: Keeping track of project hours means you can compare actual hours with forecasts.  Standard Time performs this aspect of project accounting well.  When creating tasks, you enter a forecasted duration.  Later, as employees enter hours, you can see percent complete, remaining hours, and project costing values.

More Q & A below...

Project Accounting

Q: Do you compare project time with admin time?
A: Project accounting is more than just client billing or project management.  It involves the comparison of work time to administrative time.  In other words, how much time do you spend getting ready to work?  Email?  Meetings?  Travel?  Comparing this time with actual project time factors into company profitability.

Q: Do your projects go into overtime?
A: Learning how to finish projects on time is an important aspect of project accounting.  It means you start them up and complete them quickly, without a lot of extravagance.  You can always add extravagance later, in a follow-on project.

Q: Do your projects cost more than they should?
A: You may not be watching the salary costs as you go.  If you don't have a tool for this, consider Standard Time.  It shows the time and costs as the project proceeds.  If you still haven't downloaded a copy, click the link below.  Good luck with your projects!

Download Standard Time