Payroll processing :
Timesheets help employers track work hours, leaves, accruals, and adjustments for processing payrolls. Time tracking software systems also provide employers with a trackable workflow for payroll approval. Inaccurate data entry is the leading cause of payroll errors. Time tracking software systems cut down these data entry errors to keep your payroll processing smoothly.
Management accounting :
Timesheets are a valuable tool in management accounting. They help managers to record start and end times for tasks. This is handy when managers need to know which tasks take up more time and identify areas that delay complet.