Common Time Tracking & Invoicing Mistakes

Published {$created} by Carsten Blum

Creating invoices directly from time registration data – what many call an "invoice from time registrations tool" – sounds straightforward. However, many businesses stumble, leading to errors, lost revenue, and compliance issues. It’s more than simply exporting data and retyping it. Let’s look at what not to do and how Nureti can help.

The Dangers of Manual Export and Re-entry

The most frequent mistake is exporting time registration data (typically in CSV format) and manually inputting it into an invoicing system. This is ripe for error. A misplaced decimal point, an incorrect project code, or simply forgetting to add a registration can significantly impact your bottom line. Beyond simple errors, consider the time wasted on this repetitive task. That's time that could be spent on billable work, or strategic planning. Also, if your business must adhere to regulations like the EU Working Time Directive, manual processes lack the audit trail necessary for compliance – a significant risk highlighted in detail here.

Better Ways, with Nureti

Nureti simplifies this entirely. Rather than exporting data, our system allows you to generate invoices directly from tracked time. A few clicks, and a professional invoice is ready to send. Nureti’s pricing caters to businesses of all sizes, offering flexibility and scalability. Beyond basic invoicing, Nureti's Advanced Reporting capabilities and Statistics Widget Dashboard give you a real-time view of your profitability. Need to quickly generate a timesheet? The Stopwatch and Calendar registration types offer versatile ways to log time. It’s all accessible through our Desktop & mobile web app, whether you prefer Light or Dark mode.

Considering Contractor-Specific Issues

If your business relies heavily on independent contractors, the pitfalls become even more pronounced. Misclassifying contractors, improper payment, and non-compliance with regulations like the EU Working Time Directive can lead to serious legal repercussions and financial penalties. Nureti offers specific features to aid with contractor time tracking, ensuring you have the necessary data for accurate invoicing and compliance. These are fully explored here. The ability to assign team managers and implement registration approvals provides additional layers of oversight and control.