Devart has released an updated TMetric, a work-time tracking app for IT professionals and companies. The release provides many new features, such as billable rates and costs, billing information in reports, redesigned interface for new project, time format selection, etc.
Devart, a recognized software vendor, has announced a new release of TMetric, a time tracking application for IT-professionals and companies that helps to manage business effectively. The update provides billable rates and costs, billing information in reports, redesigned interface for a new project, broader privileges for project managers, time format selection, total break time display, time logging restriction and other features to control profits and be more productive at work.
Billable rates & costs
The ability to associate an account with a default billable rate, which will be automatically assigned to a billable project created in the account. The default billable rate is applicable when setting the invoice method in a project to "By project rate". This rate can be then overridden on a per-project basis, for example, when there are different hourly rates for each specific project.
There is a functionality to assign a personal billable rate and cost rate to each member in the account. The personal billable rate is applicable when setting the invoice method in a project to "By person rate". The personal billable rate is the external rate a user will charge his clients with, and the cost rate is what an employee or contractor costs as a business. The billing functionality provides in-depth information on revenues and expenses incurred on a project.
Billing information in reports
Team Summary and Projects Summary reports now have two additional columns Billable Amount and Costs that gives a deep understanding of the income and expenses associated with a specific user, project, or team. In the header of the report, the total Amount value and Costs value are displaying now. When the Amount value is green, the income is greater than expenses. If the Costs value is red, then expenses exceed the income.
Redesigned interface for new project
When creating a new project, there is an ability to make it billable, choose the project currency, an invoice method, and set a project rate.
Time format selection
Now, the time can be displayed in a report according to the next three time formats:
• hours and minutes
• decimal hours
Project manager has broader privileges
A manager of a project can now change a project's name, avatar, client, add and delete team members, and change a project's status. The manager also sees billing information relating to a project, except for billable rates. However, a manager cannot change the billing information and does not see it in reports.
Total break time
TMetric sums up user’s breaks during the day and displays at the top of the timeline.
Time logging restriction
Now, a user who does not belong to a team of a project cannot log his time for this project to avoid confusion when calculating the total billable amount for the project.
TMetric app provides time tracking, work session monitoring, reporting tools, billable projects and tasks, integrations with popular project management systems and more features, which help organizations and individuals to effectively manage work time and increase their productivity.
For now TMetric is available for free use. To learn more, please visit https://tmetric.com.