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Does students having 24/7 access to online homework systems, which allow them to work when they want and at their own pace, affect their exam and overall course grades? This paper examines the impact of various factors related to “time” spent in online homework system on students’ performance in the introductory managerial accounting course. Using the tracking feature of McGraw-Hill Connect data was gathered related to students’ starting and submission time in online assignments to construct variables for empirical analysis. Specifically, the authors investigate the effect of time spent and online behavior (e.g., procrastinators vs. non-procrastinators) on students’ performance in online assignments and overall course grade. Our findings indicate that the web-based learning system (McGraw Hill Connect in this research project) can be used as a monitoring instrument for instructors to identify students in need of assistance in learning process.