A Timesheet (or time sheet) is a method for recording the amount of a resource time spent on each job. Traditionally a sheet of paper with the data arranged in tabular format, a timesheet is now often a digital document or spreadsheet. The time cards stamped by time clocks can serve as a timesheet or provide the data to fill one
Use of timesheet in today’s Business Environment-
Originally developed for an employer to calculate payroll, timesheets can also be used for management accounting. Timesheets may record the start and end time of tasks, or just the duration. It may contain a detailed breakdown of tasks accomplished throughout the project or program. This information may be used for payroll, client billing, and increasingly for project costing, estimation, tracking and management.
Beehive’s Timesheet and task management is a web-based system that provide a means to track time for payroll, billing and project management. One of the major uses of timesheets in a project management environment is comparing planned costs versus actual costs, as well as measuring employee performance, and identifying problematic tasks. This knowledge can drive corporate strategy as users stop performing or reassign unprofitable work.
Beehive offers a comprehensive Timesheet and Task Management system which takes care of management perspective of employee time and activities. Now companies can take a deep reporting on the basis if employee performance on their assigned activities. Beehive timesheet offers a facility to manage on-going projects (for project based companies) and activities where their employees re working. Defining reporting level for timesheet approval, define projects and tasks associated with the projects.
Cost is one of the influencing factor when it comes to managing the projects. Resource and employee cost can be defined on actuals. Integration of employee database and compensation and benefits organizations can have a integrated timesheet management solution where in they can even analyse the project cost versus employee / resource cost.
For more details call us today for the one to one discussion on how Beehive Timesheet and Task Management
can help your organization to grow with the proper management of employee timings and ongoing projects.