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Time tracking software for project costs | Visma Acubiz

Written by Martin Eriksen | Oct 22, 2026, 11:30:18 AM

 

TL;DREffective project cost control requires time tracking software that captures billable hours, attendance, and project outlays in one unified workflow. Connecting recorded hours and travel expenses directly to Nordic ERP and payroll systems eliminates manual reconciliation and protects project margins. This setup also fulfils Danish Working Time Act rules and five-year digital recordkeeping requirements.

 

Hours without expenses only show half the project cost

 

Project margin calculations often fail because internal labour hours and project-related purchases are treated as separate problems.

An employee travels to a client site, registers seven billable hours, and pays for client meals, train tickets, and hotel accommodation. If the hours sit in a project spreadsheet while the receipts wait in an expense inbox, project managers cannot see true burn rates until month-end reconciliation.

Real project expenditure consists of two core components:

  • Internal labour costs: The internal hourly rate multiplied by registered project hours.
  • Out-of-pocket project expenses: Travel costs, mileage, per diem allowances, and direct project outlays.

Linking project hours with time registration and expense documentation prevents budget overruns from hiding in unapproved expense claims.

 

Avoid enterprise PSA bloat when lightweight workflows work better

 

When mid-sized Nordic companies seek better project control, they often look at heavy professional services automation (PSA) platforms.

These enterprise platforms promise broad governance, but they frequently introduce complex interfaces that employees resist using daily. When logging daily hours requires navigating multiple dropdown menus, team members delay their registrations until Friday afternoon or month-end.

Delayed time entries lead to inaccurate capacity planning and distorted project reports. A focused tool that allows employees to register daily working time and project hours on a mobile phone produces faster, more reliable data than an over-engineered suite.

For finance teams, simplicity drives compliance. If the registration process takes seconds, project hours are recorded on the day the work happens.

 

Key criteria for evaluating project time tracking software

 

Choosing the right system requires balancing employee convenience with the strict reporting requirements of the finance team.

When comparing options, evaluate whether the system supports these core operational capabilities:

  • Dual time tracking: The ability to capture both general attendance and specific project hours without duplicate entry.
  • Unified expense allocation: Direct tagging of travel costs, mileage, and outlays to specific project codes alongside employee time.
  • Absence and flex management: Integrated tracking of holiday, sickness, and flex balances to maintain realistic capacity forecasts.
  • Mobile-first registration: An intuitive mobile app that lets team members record hours and upload receipts immediately.

Platforms like Visma Acubiz provide dedicated modules for time registration alongside outlays and travel expenses, keeping project data complete without requiring separate standalone tools.

 

Connect project hours directly to Nordic ERP and payroll systems

 

Time data loses its value if your finance team has to re-key it into accounting systems or export fragile CSV files every month.

Project time needs to flow automatically into your core accounting software to update project work-in-progress and generate client invoices without delay. In the Nordic market, this means direct synchronisation with platforms such as Microsoft Dynamics 365 Business Central, Visma Business, and e-conomic.

Payroll systems require the same reliability. Standard working hours, overtime, and allowances must transfer directly to payroll platforms like Danløn, Visma Dataløn, or Proløn.

When time, expenses, and payroll share a unified structure, the finance team avoids repetitive manual cross-checks and eliminates billing delays.

 

Meet Danish Working Time Act and bookkeeping rules without extra friction

 

In Denmark, time tracking is no longer just an internal management choice. It is a statutory obligation.

Under lov nr. 89 af 30. januar 2024, which took effect on 1 July 2024, employers must implement an objective, reliable, and accessible system to record each employee's total daily working hours. This law enforces the 48-hour maximum weekly working time limit and mandatory 11-hour daily rest periods.

All recorded time data must be retained for five years after the calculation period ends. At the same time, the Danish Bookkeeping Act (Bogføringsloven) requires digital storage and backup of accounting vouchers and project cost records for five years from the end of the financial year.

Choosing software that handles both project attribution and statutory attendance logging ensures your business stays compliant with Danish labour and bookkeeping regulations without doubling the administrative workload.

 

Start with daily habits

 

Accurate project cost control does not require complex enterprise software that takes months to configure and frustrates employees.

It requires clean daily registrations, clear project allocation, and direct connections to your Nordic ERP and payroll platforms. When your team can record hours and project outlays in a single workflow, finance gets real-time cost visibility and employees spend less time on administration.

Start with the daily registration habit. The project margins usually take care of themselves.

 

Frequently asked questions

 

What are the legal requirements for employee time tracking in Denmark?

Under the Danish Working Time Act (lov nr. 89 af 30. januar 2024), effective from 1 July 2024, Danish employers must implement an objective, reliable, and accessible system to record total daily working hours. This requirement ensures adherence to the 48-hour maximum weekly working time and 11-hour daily rest period rules. The recorded data must be stored securely for five years.

How does tracking expenses alongside hours improve project cost control?

Project expenditure comprises both internal labour rates and out-of-pocket expenses such as client travel, meals, and mileage. If time and project expenses are tracked in disconnected systems, finance teams only see labour costs until expense claims are processed at month-end. Unifying time and expense records gives project managers an immediate, complete view of true project burn rates.

How long must project time records and expense vouchers be stored under Danish law?

Under both the Danish Working Time Act and the Danish Bookkeeping Act (Bogføringsloven), records must be retained for five years. Working time data must be kept for five years following the end of the calculation period, while bookkeeping vouchers and project financial records must be stored digitally for five years from the end of the financial year.

Can time tracking software connect directly to Nordic payroll and ERP platforms?

Yes. Modern time tracking solutions export approved project hours and attendance data directly into core Nordic ERP systems such as Microsoft Dynamics 365 Business Central, Visma Business, and e-conomic. Standard working hours, flex time, and mileage also transfer directly into Nordic payroll engines such as Danløn, Visma Dataløn, and Proløn.

Why choose lightweight time and expense software over a full PSA system?

Enterprise Professional Services Automation (PSA) suites often introduce complex configurations and heavy interfaces that employees find cumbersome. When time registration is difficult, staff delay entries until the end of the week or month, leading to inaccurate capacity planning and delayed invoicing. A streamlined system that combines daily project hours, attendance, and expenses delivers faster employee adoption and cleaner financial data.