Tired of managing timesheets of your employees manually? It does take a lot of time to save data in spreadsheets and there is a high probability of being inaccurate. We all can agree that maintaining manual data is a time-consuming and expensive process. Here we will be discussing the importance of maintaining a timesheet.
Every organization must keep account of the time its employees spend most in the workplace or project. It will not only let the organization know on which work their employees are spending time on. But it also helps to check their overtime, early arrival, and departure from the workplace. This process is time taking but becomes more hectic when done manually.
Another question arises why should businesses use timesheets?
We all know that we should use Time effectively and it becomes more important when it comes to businesses where everything depends on time. Be it maintaining the work hours of employees, meet project deadlines, records, payroll processing, and accounting. To do these important tasks you have to keep a record of accurate data. The importance of maintaining a timesheet will lead you to effective business planning.
Let’s discuss what are the other benefits of timesheet management:
1. Automatic Process
The biggest advantage of using a timesheet is you don’t have to keep a record of the work hours of your employees manually. This will be an automatic process where time spends by employees on any work can be recorded which will eventually help you during the time of payroll.
2. Increase Productivity
Timesheets help you to keep a record of the time your employees spend at the workplace. This will rectify the time wastage and help organizations to make better plans for using time productively. This will encourage employees to spend their work hours prolific.
If you know what your employees are working on and how your employees are spending their time on the project will let you make better decisions and you can know in which direction your workforce is moving. This also makes better understanding among your employees and boosts confidence.
3. Efficiency in Tracking Project Cost
When you keep track of your project and you know how much time and cost will spend on the project you make better decisions. By maintaining timesheets you will know how much time is being spent on the project and you can easily calculate the cost.
4. Accurate Billing Process
When you are working for a client timesheets is the best way to handle your clients efficiently. With the help of timesheets, you make sure to clients that how much time is being spent on the project. This will build more trust and understanding between you and the client where they know how much work is done.
The increase in transparency between you and clients will increase the effectiveness of the billing process. Where your client can track how much time is being spent on the work and progress of the project.
5. Effective Project Management
Timesheets play a major role when it comes to improving project management. Tracking time spent on the project will let you know which task time is being used efficiently and on which task time requirement is less. This will also help you to identify the areas where your employees are spending their time and you can plan accordingly.
Timesheets help you analyze the progress of the project and also help you to assign a number of employees needed for the project. A better understanding of your project will save time and make your work effective.
Now you know why timesheets are important for any organization. You have to analyze where your employees are spending time on a project to make decisions effectively. Application such as AttendNow will help you to plan your Timesheets effectively.
If you have decided to go for the Timesheets application but are again confuse regarding features don’t worry here is the list of features you should keep in mind while going for timesheet applications-
- Easy to use
- Compatible on devices
- Cloud Storage
- Use on multiple platforms
- Real-time monitoring
- Generate bills and invoices
- Keep a record of time spent
- Payroll process
- Keep a track record of the project
- Easily Generate overall report
These are the features that you should look at when you are looking for timesheet applications. With advancements in business technology, it becomes a necessity to maintain timesheets. Keeping track of the time of employees will increase the overall productivity of your organization. Also, it will be gain more accountability and trust from your clients.
Now you must be clear about the importance of maintaining Timesheet. For more details you can follow us at AttendNow.
