The format of this data isn’t conducive to making insightful decisions. Sure, Excel timesheets provide managers with all the hours workers have worked in a particular week or month, but it’s too much data to go through at once. This difficulty has massive implications when the updates are seen too late and the employee has already been billed for a lower amount of hours than actually worked. However, modifying data on traditional excel templates is a very time consuming process. Tracking time always involves elements of modification – whether it’s a sudden new task or if something takes longer than expected – there always has to be space for adjustment. Time sheets are based on reported hours worked, manually inserted in the spreadsheets.Ī discrepancy of about 5-10 minutes every day may not be an issue, but when this difference climbs up, you could lose a lot of money. Unfortunately, Excel sheets don’t provide you with the facility to track actual hours worked in real-time. There may even be unintentional errors in reporting actual hours worked. While you must trust your employees, you can’t guarantee that everyone of them will be accurate with their reporting. 2) The discrepancy between actual hours worked vs reported hours worked Trying to retrieve these deleted sheets can be a very difficult task and inevitably lead to crises. In fact, one of the most common human errors made in excel timesheets is mistakenly deleting them. For example, simply using the wrong formulas, incorporating wrong formats or mistakenly leaving out key figures can lead to massive miscalculations in employee pay rates. There are a hoard of possibilities arising from human error that could lead to massive mistakes in excel timesheets. It’s far more effective to automate time tracking with a tool like Time Doctor. Using spreadsheets or docs to track time has several limitations. – Limitations of manual time tracking with templates
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