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Time reporting for technology professionals?

How do you feel about the concept of such time accounting for technology professionals? (e.g. compared to just reporting progress via e-mail or a progress reporting form.)  I guess, this is one the easiest ways to track actual cost/effort estimates for any IT project, so best suited for IT professionals. Reporting progress via email or…

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Need for better time reporting systems

System Background (circumstances):Most of the employers uses a web based time logging application that falls into the category of time attendance systems that we are addressing in this discussion. The goal of the system is to track employee hours spend during a working day under various project heads. The idea is that the top management…