The MindSalt Blog
Trends, best practices, and tips to help control costs and increase profitability.
You may think your low-tech expense tracking system is free, but in reality, it may be costing your business a lot of money in errors, fraud, and limited financial data. And even though expense tracking software may come with a price tag, it can save you money in the long run. Here’s how. Expense Tracking…
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Time tracking is a critical business function when you’re a consultant. Under-bill, and you’ve left money on the table. Over-bill, and you’re compromising your integrity. There are multiple ways to track your time – from annotations in your Google calendar to spreadsheets or scribbled records on a piece of scrap paper. However, none of these…
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There’s no lack of helpful tools that claim they’ll boost your business. But when you’re ready to invest your precious profits, it’s critical to make sure that you’ll see a good return on investment (ROI). While a time tracking solution might not seem like the most exciting business tool to spend your money on, it…
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Expense tracking software sounds like a helpful tool, but how does it help in day-to-day business operations? Is it a nice-to-have system or an essential business platform? Expense tracking software automates business practices and improves other critical functions like budgeting, employee expense reimbursement, and bidding accuracy. Here’s how it’s used across multiple industries. What Types…
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There are lots of ways to track employee time. There are no- and low-cost manual methods, traditional punch cards, on-premise time tracking software that requires a hefty up-front cost, and cloud-based software solutions that use a subscription-based fee structure. While it may seem daunting to commit to a web-based time tracking system that involves an…
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Are you considering a new time tracking software? There are many options out there, so before you make your final choice, you need to be confident that it will work for you. Identify your needs, do your research, and sample several software options to find the one that best fits your needs. Here are the…
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Before the COVID-19 pandemic, only six percent of employees worked remotely full-time. The need for social distancing in 2020 accelerated the evolution of remote work and it’s now estimated that about one-quarter of the workforce will remain remote permanently. Companies need to spend time and resources developing solid remote work policies and investing in tools…
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Time tracking software sounds useful in theory, but how does it help in a real-life work environment? Here’s a look at how time tracking is helpful in the day-to-day operations of five different industries. Time Tracking Software in the Legal Industry Whether a solo practice or large firm, billable hours are the lifeblood of the…
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When you’re considering a switch to expense tracking software, you’re bound to have questions. And you should – it’s a big decision and financial commitment, so before making a choice, you should be confident the program will work for you. While many of your questions will be specific to your business, some questions are universal.…
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There’s no doubt that remote-accessible tools make life more convenient. But on-the-go business platforms like MindSalt’s expense tracking software aren’t solely about convenience. They can also improve the accuracy of company data, reduce the administrative burden for employees, and contribute to better overall business operations. Here are four ways that recording expenses on the go…
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