Free Printable Business Timesheet Template
The Pros and Cons of Using a Business Timesheet
A business timesheet is made to help your work. The main purpose of this document is to keep track of how your employees do and how much you should pay them according to their record. It can be a weekly, bi-weekly, or monthly timesheet.
The period you are using determines how many times you will pay your employees. More than anything, a timesheet helps your business big time, regardless of the business size. In this article, we will show you the benefits and disadvantages of using a business timesheet.
Samples of Business Timesheet :
Benefits of using a business timesheet
Making invoices is one of the tasks you need to do when it comes to running a business. At some point, the invoice may get inaccurate, which would higher the cost. By using a timesheet, you can get an accurate invoice since everything is tracked and recorded.
The efficiency is improved, especially by using automated systems. Essentially, a timesheet helps to simplify tasks behind your business. If you are up for efficiency and time management, using timesheets would be a huge benefit.
Keep in mind that your business grows from time to time. The same thing also happens to your employees. Using a timesheet allows you to track behavior and adapt the roles of your staff without complicating things. You can decide where and when to take action.
Things to consider from a business timesheet
You might use an automated timesheet system. However, humans are in charge of entering and input all the data. Thus, human error is always likely.
Even though most of the time the error is completely accidental, some cases show that the manipulation is planned. Thus, unless you have a good tool to ensure the human errors get caught.
The employees, on the other hand, may get to carry out more work. Of course, automated systems are great for HR and payroll staff. However, employees should input their activities on their own.
Other than that, managing the timesheet with no mistake is mandatory. Once you decide to use timesheets, the system should apply the entire business, even to you. It has a lot to do with the moral thing.
Timesheets may not suit everyone. However, there are tons of changes in a positive way when you implement this automated system in your business. As long as you are confident that this system works for your business, using a business timesheet should be on your consideration list.
Business Timesheet Template | Excel – download