Maintaining a CapEx strategy is easier than you think
Labor costs are often pieced together during close. ClickTime captures and verifies CapEx and OpEx labor as work happens, so audit-ready records already exist when finance needs them.
When labor is categorized after the fact, tax and capitalization positions weaken. ClickTime applies finance-defined classifications at time entry, creating clean, supportable records without rework.
By keeping capital labor out of OpEx, ClickTime protects operating metrics and keeps the balance sheet aligned with how work actually happened.
ClickTime makes it easy to turn raw CapEx time and expense data into actionable insights to ensure regulatory compliance, control budgets, and improve financial predictability – functions that are far more difficult than they should be in a legacy system.
Capture the right level of detail to accurately classify CapEx labor, support tax strategies, and maintain clean audit trails.
Match labor costs to capital projects and revenue periods. Create a clear picture of asset development for boards, auditors, and investors.
Disclaimer: Always check with your accountant or tax professional to ensure you are aware of the specific rules for when project costs can or cannot be capitalized.
Learn how gathering the right data with CapEx and OpEx cost tracking can help you make smarter, more informed decisions about your business.
With ClickTime, you can rest assured that your costs won’t slip through the cracks. CapEx tracking is easy, quick and attainable with ClickTime.
