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everything-you-need-to-know-about-timesheets

  • By Quantim
  • 2023-02-17
Tracking employee hours can be a daunting task. Fortunately, timesheet management software simplifies this process. This software helps monitor hours worked during the workday, making it an essential tool for businesses of all sizes.
Today, timesheet software is accessible from the cloud or mobile devices, though some companies still use downloadable versions. SaaS (Software as a Service) products make this software affordable and accessible for multinational corporations (MNCs), small and medium-sized enterprises (SMEs), and startups alike.
In this blog, we will explore the benefits of timesheet management software and why businesses should consider investing in it

Why Invest in Timesheet Management Software?

Timesheet management software helps businesses streamline daily time-tracking processes. By accurately tracking employee hours, companies can ensure precise payroll calculations. Service-oriented businesses can also bill clients accurately with the help of this software. Additionally, managers can generate reports to monitor employee efficiency and forecast company financials.
Modern timesheet software goes beyond basic time tracking, offering features like multiple activity tracking, which allows employees to log different tasks throughout their workday. In-app notifications keep everyone informed with reminders for clocking in or out, upcoming deadlines, and pending approvals. Email notifications ensure timely submission and processing of timesheets, while automated overtime calculation accurately compensates employees for extra hours worked. These integrated features enhance productivity, streamline operations, and provide managers with valuable insights into workforce efficiency.
The primary goal of time-tracking software is to streamline business operations for both managers and employees.

 

Who Benefits from Timesheet Management Software?

Timesheet software benefits the entire workforce, including freelancers and remote workers. Remote employees can log their hours and take time off as needed, while employers can monitor everything remotely. This software helps employers maintain records and track how employees use their time effectively.

Benefits of Using Timesheet Management Software

1. Ease of Use for Employees
Simple timesheet management software features an intuitive graphical user interface, making it easy for employees to onboard and access from various devices, including laptops, desktops, mobiles, and tablets.
2.Reduced Time Spent on Employee Tracking
Timesheet management software allows for immediate tracking of employee hours, saving countless hours previously spent reviewing time logs manually or automatically. It also reduces email exchanges between managers and employees regarding hours worked before payroll or invoice calculations.
3.Employee Scheduling & Project Management
Some timesheet management software includes project tracking features that help measure employee efficiency and resource planning. Managers can easily assign tasks and monitor deliverables, ensuring that employees are not overloaded and that the right amount of work is allocated.
4.Improved Employee Retention
By providing an organised and streamlined work allocation and tracking process, timesheet software fosters a positive work culture. 

How Qunatim’s Timesheet Can Help Your Business

At Qunatim, our timesheet management software offers a comprehensive suite of features designed to streamline your business operations:
1.Overtime Tracking: Easily monitor and manage overtime hours to ensure compliance with labor regulations and accurate payroll processing.
2.Actual vs Estimated Hours: Compare actual work hours against estimated hours to evaluate project progress and optimise resource allocation.
3.Chargeable and Non-Chargeable Hours: Distinguish between chargeable and non-chargeable hours effortlessly, facilitating accurate client billing and internal cost tracking.
4.Commute Hours: Track commute hours separately to differentiate between work-related and personal travel time, ensuring accurate reporting and compliance.
5.Daily and Weekly Timesheets: Capture detailed time entries on a daily or weekly basis, providing flexibility based on your operational needs.
6.Template-Based: Use customisable templates for quick and easy timesheet creation and reuse, minimising data entry and ensuring consistency.
7.Visual Representation: Utilise visual dashboards and charts to gain insights into employee time usage, enhancing decision-making and resource allocation.
8.Notifications: Receive email or in-app notifications for unfilled timesheets, ensuring timely completion and adherence to reporting deadlines.
9.Efficient Submission: Submit timesheets in less than 10 seconds with our user-friendly interface, saving time and improving employee productivity.
10.Reports: Generate comprehensive reports on employee attendance, project hours, and financial metrics to facilitate performance evaluation and strategic planning.
11.Holiday Management: Manage and track employee holidays seamlessly within the timesheet software, ensuring accurate absence management and resource planning.
12.Approver Access: Grant designated approvers access to review and approve timesheets efficiently, maintaining workflow continuity and compliance.

Conclusion
Qunatim’s timesheet management software is designed to enhance efficiency, accuracy, and compliance across your organisation. Whether you’re managing a small team or a large enterprise, our robust features ensure seamless time tracking and management, ultimately contributing to improved operational outcomes and employee satisfaction.

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