One common time theft tactic that employees use that may work with basic punch clocks or PIN time clocks is to ask a coworker to clock in for them when they are running late. Having a time clock or app is far better than the traditional self-reported timesheet method for preventing time fraud, but employees can often still find ways to falsify their clock in or clock out times. However, one issue that can arise with many time clocks or time-keeping methods is time fraud. Some electronic options may not work during a power outage, but if you lose power at your office, the time clock likely won’t be your biggest worry. Accuracy and fraud preventionĪlmost all time clocks will be fairly accurate as long as you remember to make sure that the time is set properly and adjust them during daylight savings. Many traditional digital time clocks now have apps that integrate with them to allow remote employees to punch in from their smartphones or computers at home. Your work-from-home employees also need to be able to clock in too, and having all time entries in one central system tends to make payroll and attendance management easier. However, time tracking can get trickier if you have employees that work remotely or work from different worksites or in the field (such as route salespeople). You can set up pretty much any time clock in a convenient spot at your worksite. If you only have one work location that employees report to, such as a retail store or office, choosing a time clock will be fairly simple. Sometimes it is worthwhile to buy a more expensive time clock with no or low monthly costs rather than choosing a cheap time clock with high monthly fees.

The refills are typically not too expensive, but if you have a large number of employees they can add up. If you choose a time clock with paper time cards, you will need to consider how often you will need to buy refills of the time cards. Some time clocks have monthly fees that you will need to pay in order to access the reporting, mobile apps, or remote clock-in features. Something to consider when budgeting for a timeclock is whether there will be any additional recurring costs associated with your timeclock of choice. You can expect to spend at least $100 on a timeclock, but prices for fancier systems can get much higher.

One of the biggest considerations when it comes to choosing a time clock for your small business is price. If you are looking for your next time clock, here are some of the top things that you’ll want to consider. So which options work best for your business? Let’s take a look. From high-tech biometric readers to simple punch clocks, there are many options to fit your budget and preferences. However, as a small business, it may seem like many options are too extensive, too expensive, or don’t quite meet your needs.įortunately, you might be surprised to realize how many time clock options there are on the market right now. When it comes to potential lawsuits, poor record-keeping is not a defense likely to hold up in court. In order to pay your employees correctly, keep track of labor costs, and manage employee attendance, business owners need to invest in a reliable time clock system for their workplace. Accurate time tracking is an essential part of your business operations.

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