|
< HOMEPAGE
|

Why Is It So Difficult To Collect Timesheets
By: Tom Jacobs
It?s an all too familiar story: It?s Friday afternoon, and you need to finish your accounts and get those invoices out so you can stay in control of your cash flow. You look over your staff timesheets and see that, as you predicted, many of your staff haven?t submitted them yet. You chase them up, only to find out that one of your staff is at a meeting at a client site and cannot be contacted, and a couple more have already left for the weekend. Then there are those that have to be told three times to do their timesheets. How are you supposed to cope with this and still have time to run your business?
There are a number of methods to deal with this type of situation when it occurs. There is always the possibility that you will find yourself in this situation even with the very best of planning, so you need to have some kind of coping strategy. Here are a few coping mechanisms that you can use:
1 ? Wait until next week to do your invoicing. This method is probably the easiest solution to handle from an accounting point of view, and it means you can go home early too! However, if you are currently struggling with cash flow this may not be an option.
2 ? Send out your invoices today and add the missing timesheets to future invoices. There are many reasons not to do this, as it can create difficulty with administration, and it can also confuse your clients. However, if you are strapped for cash, it may be the best option.
That being said, the best way to handle these situations is to plan ahead so that they never occur. Here are a number of proven methods that you can use to get those timesheets in more painlessly:
1 ? Make timesheets due days (or weeks) before the it?s time to send out the invoices, and check to make sure you have received them well in advance of needing them to do the billing. While this may sound obvious, you?d be surprised at how many businesses have difficulty achieving this.
2 ? Delegate the task of collecting timesheets to a staff member you trust. This will allow you to spend more time on what you are good at; running your business.
3 ? Provide an incentive for staff to submit their timesheets by a certain time. By far the most effective method of doing this is to ?link? the collection of timesheets with the payroll. Not the nicest way to go about it, but you?ll probably never see another late timesheet!
4 ? Automate the process as much as possible. If you have a lot of traveling staff, make it possible for them to submit their timesheets via email. You can also put systems in place to automatically email staff to request missing timesheets.
If you require a reasonable level of detail in your timesheets, you will generally benefit from implementing a time tracking software solution. Staff can have a program that is installed on their computers and is easy to use, allowing them to enter timesheet information easily while they work. Some time tracking packages will also automate the process of timesheet submission and will link directly to your accounting software, making life easier for everyone.
The key to the success of any time tracking system is for it to be an integrated part of the corporate culture. Hence, staff should be informed that part of their job description includes the submission of timesheets by the deadlines. If you can get staff to create their timesheets while they work and submit the daily, it will be easier for both staff and manager.
If your staff spend a lot of time behind their computers, you may wish to consider a software package that can help the staff fill in their timesheets. One such package is Spherical Technology?s Time Tracking Software, which logs the files and applications that a staff member uses, and makes it easy for staff to create an accurate timesheet at the end of the day.
Timesheets are an important but much overlooked aspect of running a successful business. With the right planning and systems in place, timesheet creation and collection can be painlessly integrated into the day-to-day operation of your organization.
Return to Index

NAVIGATION
Real Estate Tips On Finding A Business Partner
What Items Should I Insure
Consolidate Private Student Loans 4 Benefits You Cant Ignor ...
Avoiding PMI On Your Mortgage Loan
How To Invest In UK Commercial Property Exclusive Interview ...
Helpful Money Making Ideas
Learn Forex Trading Strategy
How To Become A Super Affiliate In Less Than A Month
Billy Mays As Seen On TV Gadgets Pitchman
Your Credit Report More Than Meets The Eye
Consolidate Debt To Make Debt Repayment Easier
6 Techniques To Beat Credit Card Debt
IRS Audits and the Percentages
Debt Reduction Your Simple 9 Step Plan
Credit Repair Its All About Saving Money
Building Real Estate New Home Construction Tips
Financing Your Next Purchase The Smart Way
How To Survive Working From Home In Your Own Jewelry Making ...
The Catch Behind No Closing Costs Refinance Loans
How The Easy Chair Millionaire Helped Me Make Money From Hom ...
Hurdle Free Low Cost Finance Ensured On Availing Council Ten ...
Adverse Credit History No Hurdle In Taking UK Bad Credit Aut ...
Take Hurdle Free Easy Finance On Opting For Bad Credit Tenan ...
Let Your Dreams Come True with Bad Credit Secured Personal L ...
Tranquil Debt Management With Debt Consolidation Loan for Te ...
3 Qualities Every Person Needs to Build Their Business
Five Ways to Make Your Employee Vacation Time Count
Why I bought the MAZU BUSINESS PACK
Market Update The Need For Bread Butter Investing
Understanding Cleaning Production Rates
Dont Let A Card Control You Credit Card Debt Management UK
Avail Cheap Finance Urgently on Opting for Fast Secured Loan ...
Small Business Life Insurance Needs
How A Home Equity Line Of Credit Can Help Your Finances
Debt Consolidation The First Step To Financial Responsibili ...
Writing A Business Plan
Debt Settlement What About The Income Taxes
The Increasing Value of Alternative Fuel Sources
Personal Finance Three Quick Simple Ways To Improve Your P ...
You Might be Throwing Money Away
Student Savings Save Paper Save Money
Can You Operate A Home Business With A Consumer Printer
Ways to Find Discount Home Owners Insurance
How Do YOU Handle Change and What Does It Mean for Your Busi ...
Are You Paying Too Much For Your Loan Insurance
Change How You Think About Having A Smaller List Today
Using The Internet To Make You Money
Cheap Payday Loans
Are NoDeposit Home Loans Your Choice
Getting your Money Back on Track
Debt Consolidation With Unsecured Personal Loans
Four Steps To Real Estate Investing Success
Forex Broker Advice
How to Choose a Health Insurance Plan
An Introduction to Weather Normalization of Utility Bills fo ...
Are You Wasting All Your Education and Training
Achieve Your Business Goals with Cheap Business Loans
A Blessing in Disguise Credit Card Debt Management Services
Do Diversity Policies Matter
Holiday Gift Baskets of the Fall Can Thanks and Giving come ...
How to Compare Mortgage Deals from Different UK Lenders
Tax Havens of the Caribbean the Cayman Islands
Real Estate Investing for the Beginner
Why Your Business Has To Grow All The Time
Bad Credit OK No it Isnt
Wise Managers Treat Layoffs as Last Resort
Avoiding Rental Voids in BuyToLet
Just the Facts The Duties of a Real Estae Agent
Expand Your Business With A Merchant Account
Fair Trade Fundamentals
Four Keys to Success in Foreclosure Home Business
Small Business CRM How To Select The Right Crm Software For ...
Introduction to Heavy Equipment Operating
Cold Calling How You Can Get Past The Gatekeeper Into The Ex ...
Bad Credit Commercial Mortgages To Serve Your Commercial Nee ...
Pilgrims Pride PPC Offers to Acquire Gold Kist GKIS
Tips and Techniques To Detect Fraud Or Errors In Timesheets
Memorable Marketing with USB Flash Drives 4 Ways You Can Pro ...
Why Is It So Difficult To Collect Timesheets
Critical Characteristics To Demand From Your Timesheet Vendo ...
Forex Broker
Two Reasons to Use Timesheet Software
Time Recording Is it Worth The Effort
Find The Hidden Treasure
Why Taking Care of Cleaning Equipment Adds to the Bottom Lin ...
BiasSo what else is new
Are You Ready To Start Your Own Business
Real Estate Investors Beware
Integrity and Prosperity
Using a Credit Card Debt Consolidation Loan as Debt Relief
|