TSheets

TSheets
Developer(s) TSheets
Platform Web platform, iOS, Android
Type Time tracking software
Alexa rank Increase 460 (January 2018)[1]
Website www.tsheets.com

TSheets is a time tracking and employee scheduling app for companies needing to track, manage, and report time. The service runs in a web browser or on mobile phones and integrates with various payroll and accounting platforms like QuickBooks, Xero, Gusto, Square, and others. TSheets is an alternative to a paper timesheet or punch cards.

TSheets has more than 20,000 customers across 100+ countries and have processed more than 120,000,000 timesheets since 2006 and over $8 billion in payroll each year. TSheets is available on Android, iOS, and Google Chrome, or a desktop or mobile web browser.

Headquartered in Eagle, Idaho, TSheets opened a second location in Sydney, Australia, in early 2015.

History

Based in Eagle, Idaho, TSheets was co-founded in 2006 by CEO Matt Rissell[2] and CTO Brandon Zehm. In 2008, TSheets was the first company to create and release a native employee time tracking app for the iPhone. In 2012 TSheets released an integration with accounting and payroll software QuickBooks. In 2015, TSheets accepted $15 million in growth equity funding from Summit Partners, bought a building in Eagle, Idaho, and opened a second location in Sydney, Australia. TSheets currently employs more than 150 employees.

On December 5, 2017, Intuit announced an agreement to acquire TSheets. The transaction is valued at approximately $340 million of cash and other consideration and will close on January 11, 2018. Once the transaction closes, Time Capture will become a new business unit within Intuit’s Small Business and Self-Employed Group with Matt Rissell assuming the leader role reporting to Alex Chriss. TSheets’s Eagle, Idaho site will become an Intuit location.[3]

Funding

In 2015, after nine years of lean startup methodologies, TSheets [4] accepted $15 million in funding from Summit Partners. The funding enabled the company to grow their team and expand their product offering. Funding in hand, CEO Matt Rissell purchased the very first TSheets headquarters in Eagle, Idaho, grew from 30 to 100+ employees, and opened a second office in Sydney, Australia, that same year.

PRO Program

The TSheets PRO Program was launched in 2013. The program is for accountants and bookkeepers and is designed to assist their clients in simplifying payroll and other processes. The TSheets PRO Program has grown to more than 8,000 accountants and bookkeepers (PROs) worldwide. TSheets PROs get access to TSheets for free, 20% commission on all client referrals, and access to industry leaders.

In 2016, TSheets released the TSheets Accountant View — a TSheets account functionality available only to TSheets PROs. Accountant View allows accountants to view their clients’ TSheets accounts in a simple dashboard. Accountants can switch back and forth between client accounts without having to log in and out of each account individually.

Product

TSheets began as a very basic web-based time tracking software and is now a mobile time tracking and scheduling software/app with GPS location tracking, seamless software integrations, and custom settings.

Employees clock in or out using the TSheets mobile apps (available on Android, iOS, or Google Chrome), desktop or mobile browser, dial-in (available in both English and Spanish), text, or tweet. Employees can track time against multiple job codes throughout the day, take a paid or unpaid break, and check their schedule — whenever and wherever they work.

Account admins can set custom company settings, receive alerts when an employee has clocked in late or is approaching overtime, and review/approve employee time cards from any location and any device. All time, location, and job data is stored securely in the cloud, allowing users to export that data to their preferred accounting or payroll program or reference it as needed. TSheets maintains an audit log of each and every action.

TSheets released scheduling functionality in 2016 in an effort to save business owners time by making it easy to manage and schedule employees. TSheets Scheduling works with TSheets’ existing time tracking software and mobile apps, allowing employees to clock in and out directly from the schedule from their desktop or mobile device.

Software integration

TSheets has partnered and integrated with a number of HR, accounting, and payroll software. It also features an open API — allowing developers to merge TSheets with their existing applications and software (if no integration exists).

Key features

  • Clock in/out via browser, mobile app, text, dial-in, or tweet
  • Job/shift scheduling
  • Manual time entry
  • Multi-level job codes
  • PTO, vacation, and holiday options
  • GPS location tracking
  • Customizable alerts and reminders
  • SSL encryption
  • Customizable company settings
  • Seamless QuickBooks, Xero, and other accounting software integrations
  • Spanish dial-in
  • Assists with FLSA compliance
  • Assists with DCAA compliance
  • Who’s Working Window

Awards and recognition

2013: Winner of Intuit’s App of the Month

2014: Featured Idaho Business in Google Economic Impact Report[5] Winner of Idaho Technology Innovative Company of the Year Award [6] Winner of Awesome Application Award presented by The Sleeter Group [7]

2015: No. 2 Top Company Cultures Among Midsize Companies presented by Entrepreneur [8] No. 1 Best Place to Work in Idaho Among Small Companies [9] Winner of Awesome Application Award presented by The Sleeter Group [10] Winner of the Luca Award presented by ICB Global [11]

2016: No. 1 Best Place to Work in Idaho [12] Winner of Awesome Application Award presented by The Sleeter Group [13] No. #128 Fastest Growing Company in North America by Deloitte's 2016 Technology Fast 500[14]

Press

TSheets has received high-level press in the technology and business sectors, including a front page feature in the Wall Street Journal's Business Technology section, an interview with CEO Matt Rissell in Fast Company’s WorkFast TV series, and prominent mentions in Inc. and Tech Crunch, republished in the Washington Post.[15][16]

TSheets has also appeared in Business 2 Community,[17] Idaho Business Review,[18] and the WSJ[19] among several other news and online technology sources.

Matt Rissell is a regular contributor to Forbes, AMEX Open Forum, and The Huffington Post.

See also

References

  1. ↑ "tsheets.com Site Info". Alexa Internet. Retrieved 2018-01-02.
  2. ↑ "How to Fail Your Way to Startup Success". Huffington Post. http://www.huffintonpost.com. Retrieved 12 December 2014. TSheets
  3. ↑ "Intuit to Acquire TSheets: It's About Time". investors.intuit.com. Retrieved 2018-01-02.
  4. ↑ "TSheets Accelerates Growth with Investment from Summit Partners". http://www.summitpartners.com: Summit Partners. Retrieved 5 October 2015. TSheets
  5. ↑ "Idaho Business in Google Economic Impact Report". http://www.google.com: Google. TSheets
  6. ↑ "Idaho Technology Innovative Company of the Year Award". http://www.idahotechcouncil.com: Idaho Tech Council. TSheets
  7. ↑ "Winner of Awesome Application Award". http://www.sleeter.com: Sleeter. TSheets
  8. ↑ "No. 2 Top Company Cultures Among Midsize Companies". http://www.entrepreneur.com: Entrepreneur. TSheets
  9. ↑ "No. 1 Best Place to Work in Idaho". http://www.bestplacestoworkinidaho.com: Best Places to Work in Idaho. TSheets
  10. ↑ "Winner of Awesome Application Award". http://www.sleeter.com: Sleeter. TSheets
  11. ↑ "Winner of the Luca Award". http://www.bookkeepers.org: ICB. TSheets
  12. ↑ "No. 1 Best Place to Work in Idaho". http://www.bestplacestoworkinidaho.com: Best Places to Work in Idaho. TSheets
  13. ↑ "Winner of Awesome Application Award". http://www.sleeter.com: Sleeter Group. TSheets
  14. ↑ https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2016-fast-500-winners-by-rank.pdf
  15. ↑ "TSheets Lets You Clock-in To Work From Your iPhone". Tech Crunch. Retrieved 18 June 2011. TSheets, a web enabled timeclock tracker, has just introduced an iPhone web app version of its site. The web application allows users to clock in or out of work from a remote location, and also gives professionals a handy way to keep track of their billable hours.
  16. ↑ Kincaid, Jason (8 July 2008). "TSheets Lets You Clock-in To Work From Your iPhone". https://www.washingtonpost.com: Washington Post. Retrieved 18 June 2011. TSheets, a web enabled timeclock tracker, has just introduced an iPhone web app version of its site. The web application allows users to clock in or out of work from a remote location, and also gives professionals a handy way to keep track of their billable hours.
  17. ↑ "The Best Mobile Apps for Money Management". http://www.business2community.com: Business 2 Community. Retrieved 18 June 2011. If you do extensive traveling to get to your clients and bill for that, you might add the TSheets Time Tracker app to your repertoire, as well. This app allows you to use your phone’s GPS to track travel distances...
  18. ↑ "Time tracking company TSheets draws major online attention". Idaho Business Review. Retrieved 18 February 2011. If anyone still doubts the old maxim "necessity is the mother of invention," then they’ve never heard of TSheets. And if they’ve never heard of TSheets then they haven’t been reading Inc.com or checking on new media info powerhouses TechCrunch.com or Technorati.com
  19. ↑ "Idaho Further Stirs Debate Over Taxing Cloud-Software Services. The Meridian-based company, owned by CEO Matt Rissell, develops and sells ..." http://wallstreetjournal.com: Wall Street Journal. Retrieved 7 February 2013.
  • Official site
  • "Time tracking blog". http://blog.tsheets.com/: Tsheets. Retrieved 18 June 2011. Offering DOL Time Sheets Without Limitations

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