The old expression “time is money” is even more true when one is running a small business. For the small business, time is a value commodity and has to be carefully managed if the business is to thrive. That makes the need to track the times and payrolls of salaried employees and contractors important. In the past, time was managed through the use of paper time sheets and Excel spreadsheets. Employees manually input their worked hours along with the project that was worked on. This method often leads to inconsistencies and is often restrictive in regards to the data able to be input.