Time sheet manager3/18/2023 ![]() Control costs: Accurate timesheets let you know if you’re spending beyond your means and need to cut back.To save yourself from payroll fraud, which can happen with incorrect timekeeping, always make sure your timesheets are accurate before submitting them to payroll. Recordkeeping: You must keep payroll records for at least three years and timesheets for two years to comply with Fair Labor Standards Act (FLSA) timekeeping requirements.Since you can’t physically be there to oversee them, it’s the only way you can verify they are working the right hours for their tasks. Having accurate timesheets is also necessary for payroll for remote workers. This is also useful for billing purposes so that you charge your clients the correct amount for the work you do for them. Correct billing and payroll: It’s important to record the exact number of hours your employees work so you can compensate them properly and keep your payroll precise. ![]() Having accurate timesheets is important for many reasons, such as: It is an important step in catching any errors in timesheets before they get sent over the payroll. It helps an employer keep track of which timesheets are accurate and which timesheets need to be reviewed before submitting to payroll. Timesheet approval is necessary to make sure that the payroll process goes as smoothly as possible. How do you automate timesheet approval?.Do employees have to approve their timesheets?.How do you rectify errors during the timesheet approval process?.How does the timesheet approval process work?.In this article, we’ll discuss the importance of timesheet approval, how the timesheet approval process works, and frequently asked questions. It is typically the manager’s responsibility to act as the approver and look over their employees’ timesheets, review hours, and make any adjustments if needed. Timesheet approval is required to review an employee’s timesheet before sending it to payroll. But timesheet tracking can be tedious and overwhelming, especially at a company with many employees. Time tracking is also how you can gain better insight into the productivity and efficiency of your employees. Timesheets are useful for tracking employees’ time so that you can compensate them correctly for their work. Time tracking is an essential part of running a business and managing employees.
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