Time tracking is an important task for any company. Those that are able to track time properly, will have better oversight of their costs, can ensure they are paying employees fairly, and will be more efficient overall. A great way that this can be done is through the use of time tracking software. While these programs are helpful for businesses looking to earn a profit, they can also be helpful for non-profits as well. There are various reasons why nonprofit time tracking is also very important and that they should invest in a nonprofit time tracking app.
More Transparent Reporting for Donors
For a non-profit to be successful today, it will need to be able to raise money from new and existing funding sources. Many institutional donors also want to have a full understanding of where the money is going to ensure the organization is able to achieve its mission with the resources it has at hand. When you take advantage of a timekeeping program, you can quickly create and provide reports to any donor or outside party that you need to. Having clear and transparent payroll reporting will ultimately help to boost your organization’s reputation and can help in the fundraising efforts.
Keep Track of Employee Hours
One of the reasons to invest in a nonprofit time tracking software is that it can help you keep track of employee hours. When you are running any type of nonprofit organization, you are going to rely heavily on the efforts put forth by your team members. A time tracking tool for nonprofits will be able to carefully track hours worked by each member of your team. They can then link up with your payroll reports to ensure everyone is paid on time. You can also use time tracking programs to better project your payroll costs, ensure proper organization, and manage overtime and other unexpected costs.
Organize Paid Time Off
While it is important that you invest in programs that can help ensure accurate and timely payroll and staffing reports, you also need to be able to calculate paid time off. Similar to working for for-profit organizations, employees of a nonprofit will accrue paid time off with each pay period. As this can be challenging to track on your own, using a time tracking program can be helpful. The best time tracking software for nonprofits will include leave management features, and be able to carefully calculate the amount of PTO each employee has. They can then use the same system to request and schedule their PTO use, which will then deduct the hours from their allotted balance.
Nonprofit Time Tracking Software
Ultimately, nonprofit organizations need to have proper timekeeping programs in place. When they have access to quality time tracking programs, it can help ensure that they are able to keep track of necessary payroll reports and stay in good standing with major donors. When you are in need of a time-keeping software program for your nonprofit organization, you should use the programs provided by Hour Timesheet. These offer a range of amenities and features that can make them a great option for any nonprofit organization.