One of the greatest challenges many of our customers face is collecting accurate timesheet information from their employees.įrom damaged or illegible timesheets to inaccurate or missing timesheets, collecting data is often a headache, particularly from those who are working in the field. Whichever way you decide to structure it, make sure you are prepared to do it consistently and accurately. However, those with salaried workers could use the semi-monthly option to keep their accounting simpler while yet others, can keep hourly works on a bi-weekly payroll schedule and salaried employees on a semi-monthly schedule. Experts suggest if you have a large number of hourly employees, a bi-weekly payroll system might be best. How you choose to structure your payroll depends on a few things.
A weekly pay period results in 52 paychecks per year, per employee. Most companies that pay weekly, do so on Friday but you can choose any day you like. It will be time-consuming to gather all of the data from your employees - particularly if you have multiple crews in multiple locations - so you will need to make sure you are allotting the right amount of time for you to get the job done.įor weekly pay periods, you need a seven-day timesheet. You will find a template for all four different payroll schedules, for your convenience. This makes tracking all your employee’s time easier and you can keep an eye on any potential overtime hours. In this timesheet template, you can view a simple summary of both regular and overtime hours in the ‘Summary Timesheet’ tab. We make tracking your time in a spreadsheet as easy and straight forward as it can be. Be sure you also have a system in place to keep track of your subs so you can refer back when needed. Some common mistakes that can trip you up include:īefore you start doing payroll yourself, make sure you understand each of these things to avoid making these common mistakes that can cost you a lot in the end. When it comes to processing your payroll, be sure you familiarize yourself with as much as possible. We can’t all be accountants but, when you own a business, it’s a hat you must sometimes wear. This helps you improve customer service as well as protect your employees and your reputation. For example, if you have a customer who claims a job was not done, you can look back at your timesheet and see when the employee(s) were at the site. With an accurate account of their work day, you can also use this record to compare against any customer complaints. You will need to be familiar with not just federal payroll guidelines, but each state has different labor laws as well. Having an accurate record of your employees hours not only ensures they are getting paid the right amount, but protects you in the case of an audit.
That’s why we have put together this all-in-one free timesheet template to help simplify things a little for you. You’ll have to spend a lot of time calculating figures and hours. You didn’t start this company so you could sit behind a desk, right? Unfortunately, it’s not that simple.
It’s also not likely that you enjoy paperwork. Still, if you are using paper timesheets - or just getting started with new employees - you might benefit from using a timesheet or time card template.įor construction and field service companies, keeping track of your workers’ hours is challenging because you can’t be everywhere all of the time. But with the huge number of laws and regulations around payroll, even that is a challenge. Then came technology, allowing us to enter numbers into a database to be automatically calculated. Before spreadsheets, there were old-fashioned time clocks used to keep track of employee hours. Time and Attendance/Workforce managementĪ good guess for why this trend is happening would be the availability of simple, easy-to-use programs that help streamline processes and eliminate the need for outside services.The processes most often done in-house include: In their 2019 Payroll benchmarking survey, Deloitte found many companies who formerly outsourced at least part of their payroll processes, were returning to do it in house.