According to Finance Online, businesses lose as much as $7.4 Billion due to unrecorded work activities. Missing details like this could be detrimental to your business concerning employment laws.īut that’s not all. For instance, it’s easy to spot when employees may be working beyond the legally appropriate work hours. Keeping a timesheet is one efficient approach to creating a well-balanced work culture. They also help to manage your employee records effectively and accurately determine payrolls based on the hours worked in a particular period. Timesheets are essential tools for keeping track of productivity. It includes data like the relevant dates, work hours, and pay period. Basically, it’s a tabular document that indicates the tasks performed within a specific period. A timesheet records the time (hours) employees or workers spend on a job.
