A basic template can get you started if you’re only going to use it to track the hours worked by employees. Which Timesheets Are Best For Businesses? An accurate time card system will help assure you of this. Every hour that is overtime should be documented thoroughly. Check your local laws for any additional requirements when it comes to overtime. Any hours over 40 hours a week that your non-salaried employees make requires you pay them time and half in almost every state. You’ll be able to accurately track overtime.
Without a paper trail, it’s your word against theirs. You may even have a disgruntled employee threaten to sue you over what they say is lost time. Maybe they will add few minutes onto their timecard without checking with a supervisor to find out if it’s ok. Sometimes an employee may try to claim they’ve worked more hours than they actually did, or stated they did not get paid for time that they supposedly worked. Timesheets are a written record that can be used to resolve disputes.It’s also possible inaccurate pay records could be causing disgruntled workers that are not getting paid enough or even high turnover rates. Without accurate accounting records, you might not realize it but you could easily be overpaying employees. Believe it or not, payroll errors are fairly common, especially if you’re a company with a large workforce to keep track up. Timesheets and timecards help you keep accurate payroll records and pay employees accordingly.