Harvest
Time Tracking
Sign up free

Time Tracking for Small Business

For small businesses seeking to enhance productivity and compliance, Harvest offers robust time tracking and invoicing capabilities that reduce productivity leaks by up to 80% and improve revenue by 61%.

Try Harvest Free

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

How this utilization rate calculator works

Utilization is the share of paid working hours that are actually billable, and small gaps add up fast.

  • Utilization rate = billable hours ÷ available hours.
  • Revenue = team size × hours per week × utilization × billing rate.
  • Revenue gap = revenue at your target utilization − revenue at your current rate.

The annual opportunity is that monthly gap carried across the year.

Harvest Time Tracking for Small Business

Explore how Harvest's time tracking features help small businesses manage projects and billing. Start tracking today without a credit card.

Screenshot of Harvest time tracking interface for small businesses

Time Tracking for Small Business FAQs

  • Time tracking is vital for small businesses as it enhances productivity and ensures compliance with labor laws. Effective tracking can reduce productivity leaks by 80% and increase revenue by 61%. It provides insights into operational efficiency and helps in managing labor costs effectively.

  • Time tracking software for small businesses should have a user-friendly interface, automated time entry, and integration with accounting systems. Key features include project and task tracking, real-time tracking, and mobile access for remote teams. Harvest offers these capabilities along with customizable reporting options.

  • Harvest facilitates billing and invoicing by tracking billable and non-billable hours separately. It allows for the creation, sending, and management of professional invoices directly from tracked time. Integration with QuickBooks and Xero further streamlines financial management.

  • While many small businesses seek free options, these often come with limitations like user counts or feature restrictions. Harvest offers a free 30-day trial, allowing businesses to explore its comprehensive features before committing to a paid plan.

  • Time tracking identifies inefficiencies and optimizes resource allocation. Businesses using time tracking report up to a 32% improvement in work-time efficiency and a 35% increase in productivity with mobile apps, directly impacting profitability.

  • In the US, the Fair Labor Standards Act requires accurate tracking of hours for non-exempt employees. Employers must retain payroll records for at least three years, and compliance ensures adherence to minimum wage and overtime laws.

  • Harvest uses one-click start/stop timers and manual time entry to ensure accurate logging. Its timesheet approval workflows further maintain accuracy and compliance, allowing managers to review and approve time entries before payroll processing.