What Is Timesheet Approval?
Timesheet approval is the process of reviewing and verifying the accuracy of employee timesheets. You may want to do this at your company to ensure the timesheets are accurate enough to be used for payroll calculations. Moreover, you may also need to manually review and approve timesheets if you want to use them to bill clients for their projects.
What are the benefits of manual timesheet approvals?
Manually approving timesheets can help you ensure the accuracy of tracked time data. It can also help you maintain a high standard of timesheet quality, keeping them legible and free of errors. Moreover, manual timesheet approval is also important if you use time clock rounding at your business. This way, you’ll have more opportunities to catch errors to remain compliant with rounding regulations.
What are the drawbacks of manual timesheet approvals?
The most significant drawback of manual timesheet approvals is the required time and effort. To approve timesheets, you or your management team need to review each one of your team’s timesheets. Depending on the size of your team, this can be a lengthy process.