Timesheets
Time tracking can help with billing utilization, resource allocation, making costs visible, and more accurate billing and invoicing. In project management, timesheets will help you know how long tasks are taking and if they are over budget. You can also leverage timesheets to track when your users are taking time off and how much time is spent on internal projects.
You can also assign tasks to Vendors so you can track their time and rates on projects you need to outsource to 3rd parties. The system allows you to submit, approve, and reject timesheets to make sure only accurate hours are used for billing and costing. Management can also recode hours to other projects as needed.