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Timesheet in an
organization has multiple use and benefits.
Timesheet is used by employers to calculate the payrolls of
employees. A well designed timesheet
tracks the start and end time of a task with the detailed breakdown of everyday
activities that was carried out during the course of employment. Timesheet in the digitized environment has
multiple features and it can capture numerous data points associated with a
job/activity.
Time sheet helps in
comparing planned costs versus actual costs.
This will give clear indication about the mode of spending hours and who
worked and who did not work in the entire job/project. This information as accumulated in a time
sheet can drive Human Resource managers to assess performance and reassign
unprofitable work.
There are companies
provide web based service for timesheet which helps in tracking the time for
payroll, billing and project management.
The time sheet developed by Smart Admin is one among the
well-structured tool in this industry.
It has the capability to capture up to 30 data points connected with
a job at a given point of time.
The advantage of using
time sheet is summarized as below;
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Time sheet helps
in making payroll processing more efficient, and it brings more visibility to
costs. This helps to estimate project, assign team members and further can be
used for billing and invoicing.
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Time tracking
result in accurate invoicing for all hours worked by staff members.
It helps to improve bottom
line by adopting accurate billing and in general make it simpler for an
organization timesheet management technologies that are web-based can improve
the health of companies.
SMART ADMIN is a
cloud-based software for generating GST Compliant Invoice, Payroll management,
Timesheet and Project Tracking โ visit SMART ADMIN for FREE Trial and
Registration.
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