For any CPA firm, tracking time and expenses is essential for staying organized, on top of client schedules, and getting paid for services rendered. But manually tracking time and expenses can be time consuming and expensive, leading to wasted time and money. This is why it’s important for CPA firms to have a reliable time and expense tracking system in place.
Fortunately, there is a solution. Minute7 is a time and expense tracking software that syncs with QuickBooks Desktop and QuickBooks Online and enables employees to enter time and expenses from their PCs, Macs, iPhone and Android devices. Minute7 is designed to help CPA firms save both time and money, while also providing a convenient and efficient way to track their time and expenses.
This article will explore the best practices for CPA firms to track their time using Minute7. We’ll discuss the benefits of using Minute7, the features and tools it offers, and the best ways to utilize Minute7 in order to get the most out of the software. By following the best practices outlined in this article, CPA firms can save time and money, while also improving their workflow.
Benefits of Tracking Time with Minute7
Using Minute7 to track time and expenses offers CPA firms numerous benefits.
First, Minute7 is easy to use. Its intuitive interface makes it simple for employees to quickly enter their time and expenses. This eliminates the need for manual tracking, saving both time and money.
Second, Minute7 is cloud-based, meaning that all data is stored securely on the cloud. This eliminates the need for manual backups and ensures that your data is always safe and secure.
Third, Minute7 offers mobile access, allowing employees to enter their time and expenses from anywhere via their smartphone or tablet. This ensures that employees can easily enter their time and expenses from any location, making it easier than ever before to track your time accurately.
Additionally, Minute7 provides reporting tools that allow you to generate detailed reports in just a few clicks. You can customize these reports according to various parameters such as date range or employee name in order to get an overview of your firm’s performance over a given period of time.
Minute7 also has excellent customer support via email and phone for any questions or issues you may have with the software. This ensures that you’ll always have someone available to help if needed.
Reliable and Accurate Tracking
In order to ensure that your time and expense tracking is accurate, it’s important to use a reliable system like Minute7. With Minute7, you can rest assured that all employee data is securely stored and that the data will be accurate. This ensures that your CPA firm will always have a clear understanding of how much time and money is being spent on each task.
QuickBooks Integration is another key feature of Minute7. By connecting QuickBooks with Minute7, businesses can save time and money by automatically sending invoices, paying employees and contractors, and creating automated reports. This ensures that your CPA firm will always have accurate financial data at their fingertips, and your financial system of record is in perfect sync with your time and expense data.
Real-time reporting is another great feature of Minute7. With real-time reporting, CPA firms can access up-to-date information about their employees’ work hours, expenses, and progress. This helps them stay on top of their project timelines and ensure that they are meeting deadlines. Setting up reporting in Minute7 is an easy and efficient best practice for CPA firms to manage their business.
Finally, it’s important to ensure that your CPA firm is taking the necessary security measures when using Minute7. Below are important safety features that Minute7 offers, which help protect your data from cyber-attacks and other security breaches.
Access controls (Minute7 has fine grained user and group permissions)
Providing remote workers with protective software (such as anti-virus and anti-malware software)
Educating employees about the risks of phishing attacks
Blocking access to former employees
Conducting risk assessments
Securing high-value data
Using Minute7 is an excellent way for CPA firms to save time and money while also ensuring their data remains secure. With its intuitive interface, cloud-based storage, mobile access, reporting tools, QuickBooks integration, and security measures, Minute7 provides an all-in-one solution to help CPA firms track their time accurately and efficiently. By following the best practices outlined in this article, CPA firms can make the most of Minute7 and ensure that their workflow is running smoothly.