Quickbooks Time, formerly known as TSheets, is a powerful time-tracking and employee scheduling tool that integrates seamlessly with QuickBooks Online and QuickBooks Desktop. It offers different levels of service, with QuickBooks Time Premium and QuickBooks Time Elite being two of its key subscription tiers. Let’s explore two features that QuickBooks Time Elite has that QuickBooks Time Premium does not.
- Project Profitability and Costing
One standout feature of QuickBooks Time Elite is its ability to track project profitability and costing in detail. While QuickBooks Time Premium provides robust time tracking, Elite takes it a step further by allowing you to assign specific employees or teams to particular projects or tasks. It then tracks the hours worked, labor costs, and even job costs for each project, helping businesses understand their profitability at a granular level.
With this feature, businesses can gain insights into project expenses, labor allocation, and resource planning, which is crucial for those with complex or large-scale projects.
- Geofencing With Who’s Working
QuickBooks Time Elite enhances employee management by providing a Geofencing feature that goes beyond basic location tracking. This feature, known as “Who’s Working,” allows employers to set up geofences around job sites or specific locations. When employees enter or exit these predefined zones, the system automatically records their time.
This is especially beneficial for industries with field staff, such as construction, landscaping, or service businesses. It ensures that employees are where they are supposed to be and helps streamline payroll by accurately capturing time worked, all while maintaining employee privacy and data security. QuickBooks Time Premium lacks this advanced geofencing feature.
In summary, QuickBooks Time Elite offers additional features like project profitability and costing, along with advanced geofencing capabilities through the “Who’s Working” feature, which sets it apart from QuickBooks Time Premium.
