Timesheets have been an essential part of any workplace. In the 1950s, lawyers used them to track time dedicated to each client to charge the appropriate amount of money after research showed that lawyers were getting lesser pays compared to doctors.
The American Bar Association is responsible for the logic that one should be paid for every unit made or hour worked. They believed that this would boost income for firms and even boost staff productivity. Now, with technology, timesheet applications have evolved.
Today, it is prevalent for companies to charge based on hours spent. If they don’t, they use timesheets to find out the time spent working and the productivity levels of their employees. Time is the most valuable resource for any business, as most would argue. It is then vital that any business monitor how well their time is spent. Fortunately, pen-and-paper logging is a thing of the past.
Today, timesheets are automatized, inputting work time. It even provides goals and tasks that employees can complete. For business owners, these timetables can be used as invoicing and paying hourly.
The Three Characteristics and Benefits of Good Timesheet Applications
Timesheets are usually meant for the paying process. It deals with the process of billing and invoicing. As a business owner, choosing which timetable application to implement may seem simple, but it isn’t. What you’re looking for in reality is not only based on its capabilities but on the benefits your company will be receiving from it as a whole. Here are three benefits you will receive when using a good timesheet application:
In the beginning, timesheets were only used to determine how much to pay. Now, they are used to manage time as well. The best timesheet applications will help your business become much more efficient. The data the app provides can help cut down time spent on measuring performance, payroll processing, and tasks that take much time.
2 – Getting the Bigger Picture
With automated invoicing and billing, the payroll process becomes quick and easy. Not only will it save you money, but it will save you time as well. Because the process becomes automatic, you now have more time on your hands to complete other more mission-critical tasks. Besides, because you spend less time focused on the payroll process, you become more aware of all the other things happening in your business. Thus, you receive the bigger picture. Timesheets also help provide essential data to help you in your decision making.
3 – Monitoring Your Employees
More modern timesheets applications are usually accompanied with features to help you monitor your employees. You can see what they’re up to and how much time they’ve dedicated to a task. Some timesheet applications even come with screenshot features along with their time tracking capabilities. These features are convenient if you’re dealing with remote-working teams or a distributed team. However, such tools are still useful even if your workers are working in an office space. In any case, it will help boost employee focus.
If you’re looking for a time tracking app with a timesheet application built-in, Timeero is your best option. Get in touch with us today to see how we can help