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HourGlass v3.5

HTC brings over a dozen improvements to HourGlass with v3.5. The strategy behind the latest round of updates was to provide richer information to administrators with respect to costs, budgeting and billability, and to improve the user experience.

New in HourGlass v3.5

  • Budget Balance Report
  • Employee Cost Tracking & Reporting
  • Expense Payment Method Tracking
  • Projects Can Be Flagged as Non-billable
Balance that Budget! Balance that Budget!
The new Budget Balance (by Project) Report allows management and administrators to stay abreast of project budgets by accounting for work performed and outside expenses. A project’s budget, an accumulated time to-date amount, an outside expenses to-date amount and a budget balance amount are all provided within this report. Decision makers and project managers now have even better information at their fingertips.
Employee Costs, Payroll & Profitability Employee Costs, Payroll & Profitability
Employee Hourly Cost can now be assigned to individual workers for the determination of project costs, payroll and profitability. The Budget Tracker report has been enhanced with an additional ‘by Employee Cost’ calculation method that provides even richer information on Project costing and profitability, which can also be used for payroll purposes. HourGlass can effectively calculate an Employee’s pay at their Hourly Cost based on the hours they have entered over a given pay period.
To Bill Or Not To Bill? To Bill Or Not To Bill?
Prior to v3.5, manual changes for invoicing purposes were sometimes required to accurately bill Clients. Now, Projects can be deemed Billable or Non-billable. This update enhances Billing flexibility and efficiency while reducing the number of manual edits made to Employee time sheet entries. This is particularly useful in the ‘Non-billable’ early stages of project pitches. Once you get the project, switch it back to "Billable" status.
Try Before You Buy Try Before You Buy
Five demo accounts were created for prospective users of HourGlass. The accounts are fully-functioning with pre-populated data; users may make entries, manage tasks, generate reports, play with administrative settings and get a good sense for HourGlass’ robust functionality. Trying HourGlass has never been so fast and fun; it’s also FREE!”
Timeline
Announcing HourGlass v3

 

These highlights represent a small sample of the full list of the upgrades, features and usability improvements. For more information about the v3 upgrades and enhancements to HourGlass, consult the HourGlass Release Notes.

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