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The Features and Benefits of QuickBooks Time and Its Integration with QuickBooks Payroll

Small business owners face the ongoing challenge of accurately tracking employee hours and efficiently processing payroll. QuickBooks Time (formerly known as TSheets) is a powerful time-tracking solution designed to simplify this process. When integrated with QuickBooks Payroll, it offers seamless and automated workforce management. Here’s a detailed look at the features of QuickBooks Time, its integration with QuickBooks Payroll, and the key benefits for small business owners.

Key Features of QuickBooks Time

1. Employee Time Tracking: QuickBooks Time allows employees to clock in and out from anywhere using mobile devices, web browsers, or kiosks. GPS tracking ensures that time is logged accurately, especially for field teams.

2. Project and Job Costing: Track time against specific projects or jobs, providing insights into project profitability and resource allocation.

3. Scheduling: Create, manage, and share employee schedules to ensure team members know their shifts and project assignments.

4. Overtime Tracking and Alerts: Set up rules to monitor overtime, reducing unexpected payroll costs and ensuring labor law compliance.

5. Timesheet Approvals: Managers can review and approve timesheets before payroll processing, reducing errors and disputes.

6. Customizable Reporting: Generate detailed reports on employee hours, projects, and job costs for better business decision-making.

Integration with QuickBooks Payroll

When integrated with QuickBooks Payroll, QuickBooks Time automates the payroll process:

• Approved timesheets sync directly into QuickBooks Payroll, eliminating manual entry.
• Payroll calculations for hourly employees are automatically based on approved hours.
• Overtime, PTO, and holiday pay are calculated in accordance with company policies.
• Real-time syncing ensures payroll is accurate and up-to-date.

Benefits for Small Business Owners

1. Time Savings: Automating time tracking and payroll reduces administrative work and manual errors, freeing up time for business growth activities.

2. Improved Accuracy: With automatic syncing between QuickBooks Time and Payroll, business owners can trust that employee hours are recorded and paid accurately.

3. Cost Management: Job costing and project tracking help identify inefficiencies and control labor costs.

4. Compliance Confidence: Accurate overtime and PTO tracking help ensure compliance with labor laws and reduce the risk of costly fines.

5. Increased Employee Accountability: GPS tracking and mobile access help ensure employees are clocking in and out from designated work locations, improving accountability.

6. Streamlined Scheduling: Integrated scheduling helps avoid shift conflicts and enhances team productivity.

Conclusion

QuickBooks Time, especially when integrated with QuickBooks Payroll, is a game-changer for small business owners looking to simplify time tracking, improve payroll accuracy, and manage labor costs. With features like mobile time tracking, job costing, and automated syncing, it provides the tools business owners need to efficiently manage teams and projects. To learn more about how QuickBooks Time can benefit your business, visit the QuickBooks Time overview page.