TimeXchange.net is a free social utility built for people who communicate project time tracking and reporting details. Simply create a project and invite team members via email. Roles can include workers, managers, administrators, and even clients. All tracking, submission, and approval of time is managed by the site. There are also iPhone apps which extend time tracking for the mobile worker.
If you are currently using a formatted spreadsheet to do time tracking, you have got to check out TimeXchange.net.
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