A timesheet is a method for recording the amount of a worker's time spent on each job.

Use

Originally developed for an employer to determine payroll, timesheets are not just for payroll anymore. Timesheets may record the start and end time of tasks, or just the duration. It may contain a detailed breakdown of tasks accomplished throughout the project or program. This information may be used for payroll, client billing, and increasingly for project costing, estimation, tracking and management. Employment is a contract between two parties, one being the employer and the other being the employee. ... Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ...

Some companies provide web-based timesheet software or services that provide a means to track time for payroll, billing and project management. This project management data can make complex cost relationships visible, thereby allowing lower costs. This knowledge can drive corporate strategy as users let their competitors perform the unprofitable work. Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ... Project Management is the discipline of organizing and managing resources (e. ... Project Management is the discipline of organizing and managing resources (e. ... Competitive Strategy is often used in place of Corporate Strategy and vice versa. ...

Time cards

Factory workers often have a "time card" and "punched in" by inserting their card into an automatic timestamp machine (sometimes known as a bundy clock) when starting and ending their work shift. This article or section does not cite any references or sources. ... Early 20th century time clock made by IBM. The face shows employee numbers which would be dialed up by employees entering and leaving the factory. ... Shift work is an employment practice designed to make use of the 24 hours of the clock, rather than a standard working day. ...

Advantages

Time tracking can lower costs in 3 ways: by making payroll processing more efficient, by making costs visible so you can lower them, and by automating billing & invoicing. Billing may mean: The process of sending accounts to customers for goods or services is called billing. ... An Invoice is a commercial document issued by a Seller to a Buyer, indicating the products, quantities and agreed prices for products or services that the Seller has already provided the Buyer with. ...

Time tracking can increase revenue through automating billing, which tends to make it easier for a company to get correct invoices out for all hours worked by consulting staff. This speeds up payment and eliminates the hassles of 'dropping' bills. Look up revenue in Wiktionary, the free dictionary. ... Billing may mean: The process of sending accounts to customers for goods or services is called billing. ...

By lowering costs in 3 ways, and increasing revenue in one way, timesheet management technologies that are web-based can improve the health of companies. Look up revenue in Wiktionary, the free dictionary. ...

In the project management world, timesheets can also be used to build a body of knowledge about how much effort tasks take to develop. For example if developing a training plan has historically taken a month, then it can be assumed that creating a new one will take a month. Also most timesheet software has the ability to track resource costs and project expenses to allow for better future budgeting. Project Management is the discipline of organizing and managing resources (e. ...

Disadvantages 1. Error prone (did i forget to enter yesterdays timesheet?) 2. Repetitive. 3. Rounding errors (12:27:34 is not the same as 12:30) 4. Breaks concentration of person using timesheets 5. Consumes time in the process of completing the timesheet which is not accounted for in the recording process. 6. Inacurate 7. Requires human interaction

See also

• Comparison of time tracking software

This is a comparison of time tracking software packages and web hosted services, designed to maintain timesheets. ...

External links

Look up time sheet, timesheet in Wiktionary, the free dictionary.