When working in a company or business, you will most likely be given a timesheet to track and log your check-in and check-out time. This is to ensure that you are working the hours that you were told to do. Other than that, you will also be able to log other activities on the timesheet, for example, some days when you are going to take your annual leave, sick days, overtime, etc. Managing your timesheet properly especially the daily one can be beneficial for you, to make sure you get paid correctly at the end of the month. The timesheet can be used as a comparison between your log track and the timesheet that the company has in the HR department.
For companies with different deadlines and projects, this type of timesheet can also be used to manage the budget and timeline properly for all their employees. This is usually done so that they don’t go over-budget or overtime for too long which could result in the company losing more money. There are many different ways in how you can use this type of timesheet. You can easily use a template that is already available on Microsoft Excel or you can search for some free programs online that can be downloaded. Once you have found the right template for you to use, you can easily download and edit them to suit the needs of the company or the business.
With the different types of business, usually, they will choose for the type of timesheet that is appropriate with them as well, such as the hourly or daily timesheet. For the daily one, usually, it is mostly used in a smaller type of company or contractor. This is to log all the workers that are doing the project for that day (maybe for a few days). Since not all employees have the same hourly rate, making sure that their daily activities are logged in the timesheet, it will make their employers easier to track down their hours and days of their work for the project. Contractors usually hire workers that might have to do overtime, this can be logged into the timesheet as well. At the end of the month, their overtime can be counted as a bonus payment on top of their normal salary.
Usually, a daily timesheet will include all necessary information within one page. They will have information such as the company name, contractor’s name, employee name, employee ID, time of their check-in and out, date, time, etc. Some companies might add other information such as hourly rate, annual leave days, sick leave days, and many more. These days, many of these timesheets are already done automatically online to make it easier for them to calculate their employee’s wages. However, some are still relying on the manual timesheet that they have to write down each day. With the pandemic situation everywhere these days though, most companies prefer to have their timesheet done online especially when their employees have to work from home. You can choose the appropriate type of timesheet for your company depending on your daily needs and preferences.