In business, effective management of employee time is essential for ensuring projects are completed on schedule and budgets are not exceeded. Timesheets are a valuable resource for doing this, as they provide visibility into how employee time is used.

Timesheets provide detailed records of the number of hours individual employees have worked on various tasks, allowing managers to keep track of their progress. They also allow for the separation of billable versus non-billable hours, so that projects can be allocated accordingly. This helps ensure that the correct amount of time is billed to clients and that employee time is managed efficiently.

Timesheets also provide valuable insight into employee performance. Regular reviews of timesheets can indicate trends in how efficiently or effectively employees are working. Are they taking too long to complete tasks? Are there particular tasks that tend to be more time-consuming than others? Reviewing timesheets can help to identify areas for possible improvement, allowing managers to make adjustments or provide additional training or resources where needed.

Finally, timesheets can be valuable in other ways. For example, they can be used to help ensure compliance with applicable laws and regulations, as well as company policies. They can also be used to inform decisions on bonuses, overtime and other benefits.

Overall, timesheets are a valuable tool for businesses of all sizes. By providing detailed records of employee activities, they can help managers make data-driven decisions, incentivize employees accordingly, and manage time more effectively.