Timesheets come in various forms. While, traditionally, a timesheet was a ‘sheet’ of paper where you manually wrote and calculated hours worked, it has now evolved into either an online shared document in excel or word format that everyone fills out each day, or an automated online software that runs in the background and tracks what your employees are working on.
Employee time tracking is used by large and small companies, agencies, remote teams, and growing startups, as it provides a quick and easy way to improve the productivity of your business operations.
Timesheets are a way to log what employees were working on for every hour they’re in the office. This way you know what everyone is up to, and where people are spending their time.
How does it help?
You can not only spot your most productive workers but can also analyze which projects or processes are wasting time and which are more profitable for your business.
Once you have this knowledge, you can be a better manager and take insightful decisions for the growth of your business.
This document shares free excel time tracking templates that you can readily use in your organization.
Original Blog: https://biz30.timedoctor.com/excel-time-tracking/
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Excel Time Tracking 4 Templates, Pros and Cons and Alternatives
1. 10 Amazing Benefits of
Time Management
Source: Time Doctor’s Blog - “Excel Time Tracking : 4 Templates Pros and Cons and Alternatives”
Excel Time Tracking
4 Templates, Pros and Cons and Alternatives
2. Benefits of Time Tracking
You can not only spot your most productive workers but can also
analyze which projects or processes are wasting time and which
are most profitable for your business.
1
Timesheets are a way to log what employees were working on for, every hour
they’re in the office. This way you know that everyone is upto and where people
are spending their time.
2
Employee time tracking is used by large and small companies, agencies,
remote teams, and growing startups, as it provides a quick and easy way to
improve the productivity of your business operations.
Once you have this
knowledge, you can be a
better manager and take
insightful decisions for the
growth of your business.
How does it help?
3. Why Excel Timesheets?
These timesheets are simple to use because
employees only need to log-in the start and end
time for work hours.
The manager could use automated excel
formulas to compute the total pay based on
hourly rates and overtime pay.
Many managers and workers in traditional, non
technical companies are used to working with
Excel rather than SaaS time tracking.
4. Free Excel Time Tracking
Templates
Here are 4 free Excel time tracking
templates that you can modify to track your
employee work hours effectively.
5. 1.Weekly Timesheet
Tracking your work time with a time tracking tool.
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A weekly timesheet
is necessary if you
calculate your
employee work
hours, paid time-off
and wages on a
weekly basis.
Download Your Free Weekly Timesheet
6. management leads to efficient use of one’s time.
Some companies pay their employees once
every two weeks
Allocate some extra time for the tasks you feel you
might take longer than initially planned.
So,Download Your Free Bi-Weekly Timesheet time to
finish it while remaining calm.
2. Biweekly Timesheet
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This bi-weekly timesheet can come in handy to
compute your employee work hours, paid time
off and wages for every 14 day period.
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3. Monthly Timesheet
You can also work in a separate room or set
up a home office.
Now, let’s look at the essential
processes of project time
management.
Use this monthly timesheet if you calculate your
employee work hours, paid-time-off and salaries
once a month.
This way, you’ll be able to give full attention
and energy to complete your work in time.
As a result, you finish your workday as
planned and step away from work.
Use this monthly
timesheet if you
calculate your
employee work hours,
paid time off and
salaries once a
month.
Download Your Free Monthly Timesheet
8. 4. Project Timesheet
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Use this template if you work with different
clients and need to calculate hours on
specific projects.
It can also be used in companies where
billable hours need to be tracked to invoice
customers correctly or where an employee’s
time is tracked against projects.
Download Your Free Project Timesheet
9. Excel is free No training needed
How to use these free excel time tracking sheets
Download the appropriate excel time tracking sheet and modify or
add any columns like employee location, employee number, job
code to record any aspect of your business.
These excel sheets will handle all calculations for you
based on formulas included within the spreadsheet cells.
Total Hours are calculated automatically. You only need
to enter your Time In and Time Out data.
Total Pay is also calculated automatically based on the
Rate Per Hour that you set.
In our free excel templates, the cells
containing formulas used to
calculate total hours and total pay is
locked. This is to prevent any
accidental changes being made to
them.
10. It comes bundled with
Microsoft Office Packages.
You can download our
templates or create your
timesheets on excel from
scratch. You don’t have to
pay an extra dime to buy
any new software or app.
All employees need to do
is log-in their in-time and
out-time. They don’t have
to worry about something
to use as all data is saved
locally on your corporate
network drive.
Excel is free
It is safe and
straightforward to use
No training needed
As a manager or
employee, you do not
need any additional
training to start using
Excel timesheets.
Benefits of Excel Time Tracking Sheets
11. Drawbacks of Excel Time Tracking Sheets
It is susceptible
to human error
Cannot track
actual work hours
versus report
If formulas are incorrect, or sum calculations leave out key figures, or you
forget to input data in the correct format, it could all lead to gross
miscalculations and payroll errors.
You have to depend on your employees ability to clock ‘in/ and ‘out’ times.
When reporting time spent on a project, a discrepancy of 5-10 minutes may
not be excessive. However, but if these variations are more significant, it can
cost your business a lot of money.
Difficult to modify
or update data
Adding a new data or making corrections to spreadsheets is time consuming.
Moreover, corrections may not even be seen until it’s too late for the pay period and
the worker may get inadequate wages.
Analysis of a workers
productivity is also
cumbersome with excel
timesheets.
The volume of data presented in a single sheet can make it difficult to see
patterns or make any useful insights. It can also lead to wrong interpretation of
data and wrong decisions being taken based on those misinterpretations.
Historical data
is not safe
Excel timesheets are not designed to store historical data. Very often
these files are updates to keep their size manageable and process
companies lose historical data.
Not designed
for ‘real time
work’
When you have a large team, it is very cumbersome to track which
employees have submitted their timesheets. Timesheet that is shared
is not in real-time, with delayed and inadequate information.
Excel tends to
crash
The more you update and share a particular excel sheet, the higher the
chance of the getting corrupted and the data being lost.
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12. Time Doctor is an automated, cloud-based time
tracking app used by companies running remote
teams, digital agencies, and more.
The tool monitors work hours in real-time and right down to the
second.
Why Time Doctor?
You can track time spent by each employee on specific tasks
and projects.
Here are some Time Doctor’s key features
The app not only tracks the total time worked by every member on your
team but also provides a breakdown on how much time is spent on
which projects and tasks.
Total time worked on each task can be manually modified, and the
manager can see whether any manual addition or deletion has been
done.
However, the tool does not monitor
employees activity during their free time
or after office hours.
13. Key Features of TimeDoctor
This activates the shipment process.
The customer receives the product.
The order is closed.
T
Customer orders a product or a
service.
Increased earning potential.
Better workplace satisfaction.
Additionally, if everyone in an office practices
time management and effective communication
skills, there will likely be fewer workplace
conflicts.
More responsibilities.
Tracking in
real time
With TimeDoctor , time is tracked as you are
working, automatically generates timesheets and
no manual data entry is required.
Reminder to
track time
The tool reminds you to start tracking time and
also to stop tracking time when employees visit
websites that may not be work related (like
Facebook)
Doesn’t track
coffee breaks
The moment you leave your computer. Time Doctor
automatically stops tracking time. Often, when manually
tracking time employees forget to count the numerous
coffee breaks and bathroom visits causing inaccurate
tracking of work hours.
Doesn’t track
coffee breaks
14. Other Features of TimeDoctor worth
exploring
Create a time management strategy to
meet each goal.
Your goals need to be realistic and
achievable. You can set your goals using the
SMART method.
However, your goals need to realistic and
achievable. This means your goals should be
Specific, Measurable, Attainable, Relevant
and Timely.
Urgent Not Urgent
Not Important
Do
Do these tasks right
away
Delete
Set these aside to do
later or eliminate them.
Time Doctor keeps track of
all the applications and
websites during work hours.
Managers receive a weekly
report outlining which
websites and applications
were used and for how long.
A. Website and
Application
Monitoring
This report helps identify
productivity issues. Also
ensures that they are
actually working and not
doing personal work on
company time.
Time tracking with
screenshots is useful for
monitoring remote employees,
and for some types of
companies such as design
shops which can use them to
review work processes and
improve productivity.
B. Privacy
Controls
The tool allows you to
take screenshots of
employees screens but
only if you choose to
enable this feature and
with employees
consent.
C. Billing
The tool can be used to
make payments to your
employees and
freelancers directly by
integrating it with Paypal,
Payoner, Wise and other
payment apps.
Payments can be
made based on
hours worked.
D. Managing
Distractions
If you open a social media
or any entertainment site
while working on a task.
Time Doctor will generate a
pop -up to ask you if you
are still on your current
task. It’s a great way to
avoid getting distracted.
The tool also sends a weekly
poor time use report to team
managers with a list of
distracting websites and
applications views and the
duration they were used,
during work hours.
You can use this
information to analyze
which project or clients are
more profitable and where
you may be losing money.
E. Advanced
Reporting
Time Doctor has the
capability of creating several
types of reports such as
Timesheets, Time Spent on
each project/task and several
others. These reports can be
customized for different
parameters- for a particular
employee, a group of
employees, a particular
project.
15. Establish Accountability
Escalate Issues Faster
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