People, who are associated with the commercial or the corporate world, are acquainted with the idea of a timesheet. This is tracking tool which was initially used by employers to track the hours of working and productivity of the employees of a company.
 |
| Electronic timesheet |
Having said that, since we have come a long way since our initial days of commercialism, these days a similar electronic version is available that can be used for a large number of things. Electronic timesheets are a popular tool of tracking for modern corporate companies, and these days, these electronic timesheets are used for more purposes than just keeping track of the performance of the employees.
Payroll – One of the most important tracking that needs to be maintained by the HR of a company is that of the payrolls of the employees. In the simple terms, it means a proper calculation of the salary that an employee is supposed to receive at the end of the month or the beginning of the next month.
Several things need to be taken into consideration at the time of making the payrolls of the employee, such as-the number of days he or she has been present, whether he or she has taken any leaves and that whether the employee is entitled to leave during that period and so on. All this can be done simply through the help of a proper electronic timesheet. In the earlier days, the Microsoft excel sheet was put to use, but in the current times, most of the companies are taking up the use of these electronic timesheets.
Absenteeism And Leave Records – This is also one of the very important records that need to be maintained by the HR of the company. This is one of the records that have a direct effect on the payrolls data and hence must be handled with care and close attention. The use of electronic timesheets eliminates the chances of making mistakes and making miscalculations.
Client Billing – Business of any sort cannot flourish if timely bills are not generated, and they are not duly paid by the clients on the right time. However, this is a task of tracking that must handle a lot of details. All this can be done with a lot of ease with the help of the electronic timesheets. With these sheets, not just a company bill their clients at the right time but also follow up with the clients if the payments are not received on time.
Accounts – Apart from billing, a company have several other accounts related job. Keeping a track of various minute details is one of the aspects that are often required in various accounts related tasks. Hence the chances of making mistakes happen to be quite high.
However, even the smallest and the simplest of mistakes could cost the company a lot of money and can eat into the profit shares of the company. If the mistakes happen in terms of the tax returns filing etc, then the company might have to face serious legal hassles. This is where we see that the electronic timesheets can come handy.
Hours In The Office – Many offices and companies pay their employees based on the number of hours that they spend in the workplace or based on the productivity that they deliver to the company. The electronic timesheets can be an excellent way of keeping track f these aspects.
 |
| Electronic timesheet |
Hence an electronic timesheet has many uses and has a use for almost all the departments of the company. No wonder, this is one of the old corporate tools, which has been revamped in the current times with the help of technology that is fast gaining popularity amongst the corporate houses of the contemporary world.
Comments
Post a Comment