My method is pretty simple. When I start something I note the title, date, and fabric. Any floss changes go there. Then it's just a matter of putting down a stroke for every hour with each fence equalling five hours. When finished I add up the fences, write the finish date and highlight the title to indicate that it's done.
I use my Ipod as my timer, since I actually can't stitch anymore without music/audio in my ears.
And that's pretty much the method of my madness XD