What is a Timesheet Application?

A timesheet application is an electronic solution to adding time in timesheet software - you get a ready-made timesheet application where you can add time for projects and tasks, in a couple of clicks.

Later on, you can download and print your completed timesheets, copy timesheet data for use in future weeks, edit and delete the projects and tasks you worked on, as well as navigate through different past weeks of completed timesheets.

 What should be included in a Timesheet?

Most employee timesheets are made in a grid or chart format and include information such as: The employee’s name

·         Date ranges for the pay period

·         Dates worked within the pay period

·         Hours worked

·         Time off accrued

·         Remaining off balance time

Which industries use Timesheets?

Timesheet Applications are a legal requirement for hourly staff, so they’re not exclusive to any single industry. However, retail, agencies, construction, IT industry, the healthcare industry are a few examples of fields where timesheets are especially important.

Are timesheets necessary in an organization?

Keeping timesheet Application is a legal requirement in a lot of countries around the world. In the U.S., federal law states that employers working in any industry need to record the time employees spend working. 

They can use any time tracking method (e.g., paper timesheets or time tracking software), as long as it’s accurate and complete. The Timesheet Software is majorly preferred to capture accurate timings spent by the employees.

What happens if you lie on a timesheet?

Usually, a manager will inquire the concerned employee about the incorrect hours and try to reach an agreement to prevent errors. In some cases, an employee who commits timesheet fraud might be terminated.

What are the types of timesheets?

We usually distinguish timesheets based on the time period they cover:

·         Monthly timesheets

·         Semi-monthly timesheets

·         Weekly timesheets

·         Biweekly timesheets

·         Daily hourly timesheets for employees

·         Daily timesheet for supervisors

·         Project timesheets

Do startups really need timesheet software to track employees and project performance?

Startups don't really need to follow any rigid rules – but, using the timesheet software can have a number of irrefutable benefits for the organization.

If your startup team fills out their timesheets on a regular basis, you'll be able to:

·         Invoice clients easily and accurately

·         Pay your team without any discrepancy

·         Control project cost on the number of working hours

·         Minimize the time spent on less important details of your business

·         Maximize the time spent on strategic thinking meant to bring your organization to the next level

Moreover, the element of transparency brought by filling the timesheet application will help you handle buyouts and mergers, as well as compile precise records that serve as proof of your startup's work and progress - such records may be crucial for winning over potential investors.