Time tracking software, also known as timesheet software is used in an organization to maintain the timesheet for each employee. With the help of this software employees can manage their own schedules and projects. It allows them to keep track of the amount of time spent on each project or inventory as well as their daily, weekly and yearly issues or schedules.
Mostly, time tracking software is either commercial or shareware. It is a part of time management, planning and scheduling. They are simple for small companies and comprehensive for large one. A shared database is used store information that is accessible to managers and executives of the company.

There are different types of time tracking software such as follows:

• Standalone: It is used for recording timesheets and generating reports.
• Integrated into the billing system: Time tracking software that are integrated into the billing system are used to generate invoices, mainly used by contractors and professionals like lawyers.
• Integrated into the accounting system: In such a software timesheet data is directly fed into the company accounts.
• Integrated into project management systems: The timesheet data in this software is used to graph the effort being invested on each project or task.
• Integrated into the payroll system: The time tracking software integrated into the payroll system is used to pay employees based on their working hours.