• One in five billable hours—20%—is often lost due to poor or manual time tracking. In some cases, estimates go as high as 40% lost revenue.
Missing billable time doesn’t just affect your bottom line—it distorts budgets, disrupts forecasting, and leads to overwork and client dissatisfaction.
The Real Cost of Inaccurate Timesheets
• Manual systems (spreadsheets, paper) cost companies $50 billion annually in lost and wrongly-entered hours.
• 80% of manual timesheets contain errors, leading to misbilling or missing revenue.
5 Practices to Recover Revenue & Improve Accuracy
1.Track time daily (not weekly or monthly) Waiting—even a single day—can result in forgetting up to 25% of your work.
2. Automate over manual entry Companies that switch to automated time tracking recover on average €666,400 annually in productivity gains alone—and reduce timecard entry from 7 minutes to just
3.Distinguish billable vs. non-billable hours Detailed entries reduce disputes and improve forecasting. Plus, separating these categories creates transparency and trust.
4.Enforce standardised logging and review routines Use clear guidelines for entries—and have managers review timesheets weekly to catch inconsistencies before billing.
5.Leverage reporting for insights Smart dashboards let you identify where time is going—spot inefficiencies, optimize budgets, and forecast better.
Why Quantim Helps
With Quantim’s digital time-tracking tools, your team can
• Log hours instantly across devices and locations—no more memory-based entries
• Select between billable and non-billable time at the task level
• Link entries to clients, projects, and tasks for full traceability
• Run real-time dashboards that show time trends, cost implications, and utilisation rates
This means revenue that would have been lost is now captured, operations stay transparent, and forecasting becomes data-driven.
Conclusion
Don’t leave money on the table. Recovering even 20% of billable hours can mean thousands more in revenue per team member annually.
