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Today's expense management space is crowded with a variety of expense tracking tools. It can be hard to understand the different expense tracking software products and how they integrate with your business processes.

At a high level, expense tracking software can generally be broken down into three categories: self-serve, simple approval process, and complex approval process.

Here are some examples from each category:

Self-Serve Expense Tracking Software

LiveTecs is an example of online expense tracking software that falls into this category because it allows employees to track expenses independent of their employer's review process. In other words, expense reports do not require administrator or manager input once submitted by the employee. This makes Expensify ideal for businesses who have contract employees working on a project-by-project basis or for companies that would like to remain expense agnostic and outsource expense management.

Google Drive is an online expense tracking tool that can also fall into this category. The platform allows employees to upload expense receipts directly to the expense report (which is housed in Google Docs) where it will automatically populate fields such as vendor name, date, amount, etc. Inspired by Google Drive, Zapier provides an integration between Expensify and Google Sheets so expense reports created using Expensify automatically update the spreadsheet with the appropriate data.

Simple Approval Process

ExpenseCloud and Procountor are expense tracking tools that require approval by the employee's manager or administrator before expenses can be submitted for expense reporting. This expense approval process helps companies ensure accuracy of expense reporting by allowing managers to confirm expense reports are appropriate for reimbursement.

Expense approval process is broken down into three steps:

(1) the employee captures their expense using any device,

(2) they review and confirm submission themselves, or

(3) if needed, they can request approval from their manager or administrator who will be able to complete an expense report audit before signing-off on the expense.

Complex Approval Process

Expensure falls under this category because it is designed for enterprises with multiple levels of approval authority. The expense tracking tool facilitates multiple approvers at different levels of management through its dashboard interface which allows expense approvals to flow down the chain of command. It provides expense tracking for organizations that want to provide expense management support at lower levels of management without requiring multiple approvals from the C-suite before expense reports are submitted for reimbursement.

You can find more information about expense tracking tools by visiting our website.

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Online time tracker is a software application that records, logs and saves the working time of individuals against their ID's.  Online Time tracker app can be used to manage contractor hours in real-time. The online time tracker calculates how much work has been done by individuals in real-time using its keystroke logger functionality. Online time tracker allows users to send information about the amount of time worked straight into databases for further analysis.

One common use case for online time trackers is where it aids employers track employees' working hours during shift work rotations periodically (e.g., every hour). The logger will start recording the person's activity on the computer when/she logs in and stop when/she logs out after finishing the work. Online time tracker also provides advanced reporting functionality for users to analyse working hours by staff members, departments or any other criteria they are interested in.

For more info about quickbook time-sheet, Visit our website today.

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A Bi-weekly timesheet is a method for tracking and recording the hours that an employee works in a pay period. Bi-weekly, also called "every two weeks", means that there are usually two periods of time between payrolls. Bi-Weekly Timesheets work well for employees who get paid twice per month or 24 times per year. These types of employees include part-time workers, hourly workers, and commission salespersons. Bi-weekly is a term that may be used interchangeably with semi-monthly. Bi-weekly timesheet calculates the hours worked for one week then converts it into two, equal amounts of time.

The main advantage is that you do not have to calculate the number of workdays since you always know exactly what day of the month your payroll is going out. A bi weekly pay period does not offer any more advantages than a regular monthly pay period other than perhaps some tax benefits related to overtime payments and deductions

A Bi Weekly Timesheet should be detailed enough to show the amount of hours worked by each individual during the week. Each Bi weekly rate sheet will have at least one column identifying each day worked in detail including start time and stop time as well as any breaks taken during the day. Bi weekly pay period providers should also include a column showing the Bi-weekly hours worked as well as any overtime hours. Bi weekly timesheets offer both advantages and disadvantages for those hourly employees who work 24 Bi weekly pay periods every year.

The Bi-weekly timesheet should have a column for each day of the week from Monday to Sunday. Bi-Weekly Timesheets provide information that you need as an employer to accurately pay employees their appropriate wages, as well as report important information to government agencies such as the Internal Revenue Service.

Most Bi weekly rate sheets will have a total hours column which will total up all of the daily hours worked for a particular employee. The Bi Weekly Timesheet also provides a place where you can list weekend days and indicate whether or not they were paid or unpaid time off, vacation/sick days, etc.

Employers use Bi weekly timesheets along with payroll software in order to effortlessly process payroll and generate Bi weekly timesheets which can be sent to the employees, as well as any necessary government agencies.

For more info on employee timesheet app, Visit our website.

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We are providing expense report software, including new useful features. Livetecs LLC is a popular web based timesheet software provider. We also provides integrated solutions to manage customers, employees and projects. For more information about our services. Timesheet Tracker helps you to track the working hours, productivity, expenses of your staff and generates reports quickly. visit our website.