Time sheets, what was known as time books back in the19th century has been the way for employers to track worker’s time spent on various jobs. Traditionally, what was a mere sheet of paper with marked columns or tables, has now evolved into digital templates that can be stored and shared via worker’s phones using time sheet software and apps.
If you are still using paper time sheets, or a premise (read primitive) based punch-in system you should probably consider upgrading to the electronic time sheets software for your employee time tracking process. Here is why:
Helps avoid payroll ‘slippage’:
Payroll ‘slippage’ is a well known thing. But did you know, it is estimated that most mobile businesses lose an average of 6.1% in payroll “slippage” (inaccurate claims) and fraudulent claims every year (that’s excluding mileage). So chances are, your business is too.
Modern electronic time sheet software automatically record time and location for workers when they clock In and Out, which avoids any slippage due to inaccurate and fraudulent claims. Best of class software systems provide these capabilities in addition to ensuring complete employee privacy controls.
Helps eliminate the Good old buddy punch!
Yes you know it! For those who don’t, this is when an employee clocks in their friend who is late for work.
Upgrading to modern time sheet software will let you save up to 5 percent on gross payroll annually by eliminating buddy punching. The best of class software systems do this by providing alerts on attendance events in the field thus helping the backoffice to quickly identify and correct such patterns.
Efficient Payroll Process
Modern electronic time sheets can make the payroll process more efficient: they make the costs visible and readily available, so you can analyze and lower them. These systems also helps automate billing and invoicing, saving you time and eliminates human errors.
With modern Time Clocking software systems you can upload customers, jobs and tasks – so you’ll know how much time was spent on each job for which customer. This information can be synced automatically to your accounting software say QuickBooks, automating your entire payroll process.
The Ease of use
Electronic time sheet software can be stressful for your employees especially since a lot of these web based systems are not flexible – and have a steep learning curve.
myGeoTracking’s unique advantage is in its flexibility. The ‘Zero Touch’ Automatic Time Clocking automatically checks employees in and out of job sites during their work day and then sends daily activity report to management. This low hassle feature provides payroll information and eliminates the needs to train (and remind) employees on how to use an app.
Employees could also choose the easy Text based time clocking service (‘Geotagged messaging’) that works on all phones – from flip phones to smartphones. Requires no apps or data plan.
In all these cases, the system records the time and location that can be used for payroll both manually or automatically by syncing with the accounting or payroll system.