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With time reports at your fingertips, you can
give your clients detailed accounts of time costs—who is doing
what, hour by hour—showing that you don’t waste your
time or their money. Your clients will be impressed by your organization
and efficiency—something they won’t get from the agency
down the street, unless they also have Clients & Profits!
The old expression, “the squeaky wheel
get the oil” applies to clients too. The demanding clients
are often the ones whose jobs you’ll jump on to keep them
satisfied (and quiet). But what about those silent clients? More
often than not, squeaky clients monopolize your people’s time
(remember, time = money), pulling them away from more deserving—and
more profitable—clients. Track your time and you’ll
find out which are valuable keepers and which should be resigned.
Last, if you’re not tracking hours, jobs
could easily get out of hand (especially with picky designers or
demanding clients). They’ll careen off budget before you can
say “stop!” When you know how many hours—billable
or not—go into a job, you’ll always know the labor cost
and how closely the job is matching the budget. Remember, for every
hour you don’t bill, you’re working for free.
Time for better communication
In the advertising world, there are
two parts to time keeping. The first is tracking the time itself:
how it gets applied to different jobs, how it’s monitored
and kept on track, and how it gets billed. The second is the universally-dreaded
problem of getting staffers to turn in or enter their time.
Most creatives hate keeping track of their time,
and any obstacle is one more reason not to do it. And who wants
the job of beating it out of them or rewarding them for doing something
they are supposed to do anyway? You have your own work to do! So
instead of threats or bribes, Clients & Profits offers you tools
that remove the obstacles that make time entry so odious.
What features would help make planning and monitoring
time less difficult for management? Start by letting employees plan
and account for every hour of their work day.
”We require that everyday, every employee must account for
8 hours,” says Joe Notovitz, president of Notovitz Communications.
“That means lunch is a tracked time, personal time, if someone
comes in late, everything.
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If they work more than 8
hours, it gets billed to a project.” With every hour accounted
for, you’ll be able to see how much time goes into meetings,
cleanup, and other miscellaneous tasks that aren’t billable.
It’s the first step in finding ways to cut costs on unbillable
time and leave more time to do billable work.
Next, you can set up alerts that
keep estimated job tasks within their estimated hours by warning
users as they approach time limits for a task. Status code alerts
keep all time entries off of jobs that have not yet been approved,
are on hold, or are closed.
“Clients & Profits keeps track of all
the costs that go into a job and makes sure that we bill everything,”
Joe says. “Everybody in the office is continuously entering
time and expenses, updating job tickets with things that have happened
so when it comes time to bill the job, not a penny goes uncollected.”
See where the time goes
Flexible productivity reports allow for clear
analysis of billable vs. unbillable time; planned hours vs. actual
hours; and billable time by job, task, or staffer. Detailed job
reports show, task by task, estimated hours vs. actual hours.
Easily print meaningful reports sorted many different
ways to find out how a job is progressing and if everything that
needs to be done is getting done. After working in the database
for a period of time, you’ll have historical information accessible
that can help in your planning for new jobs that are similar to
old jobs.
“Everyone enters details when they enter
time,” Joe says. “At the end of a project, when I print
out task cost reports, I can see who did what and how long it took.
If I need to, I can go back to the staff and find out why they spent
so much time on something, and I can also show it to client in case
they question invoice.”
The reasons to track time can be summed up in
one word: success. By tracking staffers’ time, you’ll
be able to better manage their work, the jobs, and costs. By letting
them enter their own time, they’ll be empowered to think creatively
while keeping costs in mind. “My staff knows that there are
limitations as far as time and money,” Joe says. “They
know they can’t spend what ever they want to on a job”
so they find creative solutions quickly.
Successfully tracking and managing time will
benefit your shop, your staff, and your clients. Success all the
way around. Isn’t that the way it should be?!
Judy
Hector is Director of Marketing for Clients & Profits. |