Why Your Business Needs Online Timesheets | Benefits & User Manual

by Karoline S. BUSINESS OWNER

A company sees the future better when it knows how its employees are performing. From a business perspective, time and performance tracking can improve team efficiency, maximize resources, and provide accurate information about how hours are spent.

Wise decisions are made based on real data, not guesswork. Every company CEO wants to know that his or her employees are performing efficiently and that the productivity scale is increasing every month. But how can you regularly review the performance of all employees?

Various organizations have difficulty getting accurate timekeeping data from employees. Some industries claim that all employees are present at their jobs, but productivity is well below expectations. This can create a loophole for clearly understanding employee activity and commitment to your project.

This blog talks about how timekeeping can be good for your business.

Let's start with the basics.

What is online timekeeping?

A timesheet is a data sheet that employers use to track employee time over some time. Essentially, it's a record of the time employees spend on a specific task, client, or project. There have been different ways to keep track of time: on paper, in spreadsheets, in Excel, and nowadays, online timesheet software.

Why should companies use timesheets?

For a business to grow and shine, you need to work efficiently to achieve efficient results. Therefore, a business owner wants employees to use their time productively. However, with an entire fleet of employees, it becomes quite difficult to understand how efficiently they perform their tasks.

Therefore, it has proven necessary to track employee commitment to completing a project. This is where Timesheet comes into play. It helps you determine each employee's work status. Consequently, you can motivate an employee who works slowly. This will help you meet deadlines and keep your budget.

How are timesheets used in different business industries?

Different industries use Online Timesheet software in different ways. Let's check out how:

Law Firm.

The law firm sector keeps track of its clients' processing hours and maintains a list of the services they provide. Here, the Timesheet helps track the bill according to client hours of service.

Freelancers

Many freelancers charge clients by the hour. That's why it's important to keep a timesheet. To do this, freelancers use an online Timesheet calculator to help them keep accurate time records. This will help maintain transparency between you and the client.

Accountants

An accountant's profits depend on how employees spend their time on a client's project: the more billed, the more profits. That's why you need a timesheet to keep track of time and invoices. But accountants should choose the right software to help track employees and maintain online timesheets. One recommended software is WorkStatus, which includes an all-in-one feature.

Advantages of timesheets

Here are the best roles Timesheet plays in any business:

Reducing time loss.

A timesheet tool helps you understand how well each employee is doing with a particular task and assign tasks accordingly. This way, you can utilize it every hour without wasting time.

Accurate invoicing

The online Timesheet helps you bill accurately without leaving you with a loss. It also gives clients a professional indication that you are working very efficiently. Clients don't have to constantly check how the project is progressing and whether it will be completed on time.

It automates billing.

All industries that provide hourly services use timesheets for billing purposes. In addition, various software helps in automated billing and invoicing. Thus, with automated billing, you can save a lot of time, avoid errors, and increase revenue.

Mandatory features in Timesheet software

System compatibility

In the collaboration space, employees use different operating systems. Therefore, the timesheet software you choose must be compatible with various operating systems such as iOS, Mac OS, Windows, and Linux.

Timesheet approval and time-off request

Real-time approval of timesheets by employees should be available at the end of the day. You should also have access to accept or reject a time-off request.

Compatibility with multiple devices

The timing software must have the flexibility to allow timing from a variety of devices:

web portal
cell phones
Any other system
RFID tags

Easy integration with other applications

You should be able to save and export time records to other systems, allowing you to integrate timesheets with other applications.

Technical support

Online timesheet software should have 24/7 technical support. Customers should be able to contact it immediately and get answers to their questions.

Last words

As technology has developed, time has become an important part of business, and at the same time, different industries have opted for a timesheet to keep track of how much each hour has brought in. Online employee timesheet software such as Workstatus will help you ensure that your employees' timesheets are automatically updated.

This will help your business to succeed. So say goodbye to paper timesheets and choose software that will give you accurate time records and keep your data safe and secure.