Saturday 10 September 2011

Importance of using a timesheet

It never matters if your consulting firm is small or medium sized or a code warrior for hire in a back room of your house then you have at least one thing in common: The main motive behind any business should be to make profit without turning down the values .Managing workforce and work is a key aspect in employee management .And we need something automatic to allocate time among the employees and manage them effectively because both over utilization and under utilization of resources is always a huge problem .To solve these kind of issues we have timesheets that come into play .Timesheets are the usual method for tracking time you spent working and thus are the key to timely invoice generation. Timesheets are very important for two main important aspects basically .

1) If We have timesheet we can well keep track of the work ,like the completed work,work in progress ,number of people assigned for a particular work and by simple query we can very easily get the required information manually creating and maintaining all these records will be a tedious task ahead.
2)In the case of online timesheet the case is an added advantage,Because if the timesheet is online then there is no necessity that the admin should be onsite to manage things.Even if he is on a vacation he can monitor the works done by his employees .
                                       Timesheets used to be monthly, then weekly, daily, and now can be updated to the minute. A timesheet software package like timesheet MTS or Timesheets Lite is simple to administer, is simple for the casual user to enter time, and most importantly is simple for the accounts department to use and generate the reports they need for prompt invoicing.
                                           It is the high time today to move away from paper based time timesheet as it would not only be a tedious task to maintain paper based records but also errors are always highly possible even though atmost care is taken to avoid errors manually and these errors would expand to huge level when the records are manupulted for a period of time . When you have a system be vigilant! Make sure your people are accurate and timely with their entries, and make sure accounts are prompt in issuing invoices! .Act swiftly and make your decisions intelligent as the quote says "Opportunity never knows your door twice"

1 comment:

  1. Timesheets really play a vital role in maintaining various records and growth of company. Thanks for sharing.


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