Harvest
Time Tracking
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Time Tracker for Cfos

Harvest provides CFOs with precise time tracking and reporting tools that enhance financial forecasting and project profitability, addressing labor as a major expense.

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How much revenue is your team leaving on the table?

Most agencies run at 55-60% utilization. Even a small improvement means significant revenue. See what closing the gap looks like for your team.

Number of people who track billable time
$
Blended rate across roles (junior, senior, lead)
55%
Percentage of total hours that are billable. Industry average is 55-60%.
75%
A realistic target for service businesses is 70-80%.
Monthly revenue gap $0
Revenue at current utilization $0/mo
Revenue at target utilization $0/mo
Extra billable hours needed per person/day 0h
Annual revenue opportunity $0

Start tracking team utilization

Walk through the entire flow below. Start a timer, check your reports, and create a real invoice — all in three clicks.

Go ahead — start tracking!

One click and you're timing. Try it right here: start a timer, add an entry, edit the details. This is exactly how it feels in Harvest.

  • One-click timer from browser, desktop & mobile
  • Works inside Jira, Asana, Trello, GitHub & 50+ tools
  • Duration or start/end — your call
  • Day, week & calendar views to stay on top of it all
  • Friendly reminders so no hour gets left behind
Acme Corp
Website Redesign
Homepage layout revisions
1:24:09
Content Strategy
Blog calendar planning
1:30:00
SEO Audit
Technical audit report
0:45:00
Brand Guidelines
Color system documentation
2:15:00
Logo Concepts
Initial sketches round 1
1:00:00
Today's total 6:54:09

The CFO's Strategic Imperative: Beyond Basic Timekeeping

For CFOs, time tracking is not just an administrative task; it's a strategic asset that informs critical financial decisions. Accurate time data helps CFOs navigate complex financial landscapes and market uncertainties by moving beyond reactive reporting. With labor often representing a major operational expense, precise time tracking provides visibility into resource allocation across departments, aiding in the prevention of budget overruns.

Harvest positions itself as a crucial tool for CFOs by offering comprehensive time tracking and reporting capabilities. By utilizing Harvest's detailed reports, CFOs can gain insights into labor costs and workforce activities, enhancing both financial forecasting and operational integrity. This shift in perspective transforms time tracking from a basic necessity to a strategic component of financial oversight.

Elevating Financial Forecasting with Time Intelligence

Effective financial forecasting requires more than just historical financial data; it needs precise time intelligence. By leveraging historical time-tracking data, CFOs can build accurate seasonal labor and revenue models. This includes incorporating key factors like seasonality, productivity changes, and overtime patterns, enabling more realistic multi-year forecasts.

Harvest aids CFOs in reducing forecast cycle times by providing exportable time data that integrates seamlessly with financial models and planning tools. High-performing companies can produce financial forecasts in just eight days, compared to the median of 11 days for less efficient organizations. Harvest's comprehensive data export features help CFOs achieve these streamlined processes, facilitating timely strategic decisions.

Driving Project Profitability and Resource Optimization

Project profitability hinges on precise time tracking. Even a few untracked hours can turn a profitable project into a loss, underscoring the importance of meticulous time management. By linking time spent to project budgets and billable rates, CFOs can identify cost sinks and non-profitable work. Harvest provides real-time insights into team utilization and project progress, optimizing resource allocation and capacity planning.

Moreover, Harvest's ability to track actual hours against estimates helps prevent scope creep and ensures accurate client billing. With detailed multi-level reporting, CFOs can improve project pricing strategies and quoting accuracy, ultimately enhancing the bottom line. This strategic approach to time tracking positions Harvest as an indispensable tool for CFOs aiming to maximize project profitability.

Ensuring Compliance and Mitigating Financial Risk

Compliance with labor laws and record retention requirements is a critical aspect of financial management, particularly in the U.S. where the Fair Labor Standards Act mandates specific recordkeeping practices. Harvest ensures compliance through automated timesheet approvals and customizable workflows, maintaining audit-ready data integrity.

The financial consequences of non-compliance can be severe, with over $230 million paid in back wages in 2023 alone due to poor time tracking and recordkeeping. Harvest's robust compliance features help CFOs mitigate these risks by providing tamper-proof audit trails and detailed reporting. By adhering to both federal and state-specific regulations, Harvest supports CFOs in maintaining financial transparency and operational integrity.

Harvest for CFOs

Harvest offers CFOs real-time tracking and reporting tools for enhanced financial forecasting and project profitability.

Screenshot of Harvest time tracker interface for CFOs.

Time Tracker for Cfos FAQs

  • A time tracker for CFOs should include historical data analysis, real-time reporting, and compliance features. Harvest provides detailed reports and audit-ready approvals to ensure data integrity and financial transparency.

  • Time tracking improves financial forecasting by providing precise data on labor costs and productivity patterns. Harvest offers exportable time data that integrates with financial models, reducing forecast turnaround times and enhancing accuracy.

  • The best time tracking tools for CFOs offer robust reporting, compliance capabilities, and integration with financial systems. Harvest stands out by providing real-time insights, detailed reporting, and seamless data integration.

  • Time tracking impacts project profitability by identifying cost sinks and optimizing resource allocation. Harvest's real-time insights into team utilization help prevent scope creep and ensure accurate billing, enhancing profitability.

  • Yes, CFOs must comply with labor laws like the FLSA, which mandates accurate recordkeeping of hours and wages. Harvest's compliance features, such as automated approvals, help maintain audit-ready records and mitigate financial risks.

  • Yes, Harvest provides capacity insights that aid in effective resource allocation and planning. By integrating with tools like Forecast, CFOs can optimize team utilization and improve project outcomes.

  • Harvest integrates with various systems like QuickBooks and Xero, allowing seamless data exchange and reducing manual errors. This integration supports accurate financial planning and reporting.