Free Printable Basic Monthly Timesheet Template
Things to Know about Basic Monthly Timesheet
Using a basic monthly timesheet is one of the ways you can do to utilize the advancement of technology. It helps you to carry out lots of tasks in an organized manner. Timesheet is created to track and keep a record of employee activities.
By using a monthly timesheet, you can find out how many hours your employees take to finish their tasks. You can use the timesheet on a monthly or weekly basis. Even though the purpose remains the same, using the digital version saves time and effort at the same time.
Samples of Basic Monthly Timesheet :
How to create a monthly timesheet
It is essential to keep track of the employee time spent to manage the job, whether they work full- or part-time. So, how do you create a basic monthly timesheet?
Putting your business’ branding is the first thing you must do. This thing acts pretty much like a letterhead.
The first line of the timesheet report should show relevant information about your employees. This line is also crucial since every worker must receive adequate pay during payday. You will need to create some rows and columns to read the information easily.
Last part but not least, don’t forget to include signature lines for the employees. Both you and the employee have the same understanding stated on the timesheet.
What does a monthly timesheet mean?
Using a monthly timesheet means that the employees receive their salary once a month. Thus, you need to prepare 12 sheets of the monthly timesheet in a year.
If your goal is to maintain a good relationship with employees, paying them once a month is not the best idea. Of course, a monthly paycheck allows the employer to lower the processing cost. However, it’s not the best idea to implement.
Another thing that makes monthly salary the least preferred option is that employees may find a hard time managing their finances. They may end up getting financially strained a few days after payday.
As the employer, it is your right to decide whether it would be weekly, bi-weekly, or monthly to give the paycheck. However, you should weigh all aspects before going down to the decision.
A monthly timesheet, more than anything, is a good tool to keep track and record the employees’ activity so you know how much money you have to pay them at the end of the month. To avoid complications, feel free to use the basic monthly timesheet templates.
Basic Monthly Timesheet Template | Excel – download