Why Is It So Difficult To Collect Timesheets?
There are a number of methods to deal with this type of situation when it occurs. There is always the possibility that you will find yourself in this situation even with the very best of planning, so you need to have some kind of coping strategy. Here are a few coping mechanisms that you can use:
1 Wait until next week to do your invoicing. This method is probably the easiest solution to handle from an accounting point of view, and it means you can go home early too! However, if you are currently struggling with cash flow this may not be an option.
2 Send out your invoices today and add the missing timesheets to future invoices. There are many reasons not to do this, as it can create difficulty with administration, and it can also confuse your clients. However, if you are strapped for cash, it may be the best option.
That being said, the best way to handle these situations is to plan ahead so that they never occur. Here are a number of proven methods that you can use to get those timesheets in more painlessly:
1 Make timesheets due days (or weeks) before the its time to send out the invoices, and check to make sure you have received them well in advance of needing them to do the billing. While this may sound obvious, youd be surprised at how many businesses have difficulty achieving this.
2 Delegate the task of collecting timesheets to a staff member you trust. This will allow you to spend more time on what you are good at; running your business.
3 Provide an incentive for staff to submit their timesheets by a certain time. By far the most effective method of doing this is to link the collection of timesheets with the payroll. Not the nicest way to go about it, but youll probably never see another late timesheet!
4 Automate the process as much as possible. If you have a lot of traveling staff, make it possible for them to submit their timesheets via email. You can also put systems in place to automatically email staff to request missing timesheets.
If you require a reasonable level of detail in your timesheets, you will generally benefit from implementing a time tracking software solution. Staff can have a program that is installed on their computers and is easy to use, allowing them to enter timesheet information easily while they work. Some time tracking packages will also automate the process of timesheet submission and will link directly to your accounting software, making life easier for everyone.
The key to the success of any time tracking system is for it to be an integrated part of the corporate culture. Hence, staff should be informed that part of their job description includes the submission of timesheets by the deadlines. If you can get staff to create their timesheets while they work and submit the daily, it will be easier for both staff and manager.
If your staff spend a lot of time behind their computers, you may wish to consider a software package that can help the staff fill in their timesheets. One such package is Spherical Technologys Time Tracking Software, which logs the files and applications that a staff member uses, and makes it easy for staff to create an accurate timesheet at the end of the day.
Timesheets are an important but much overlooked aspect of running a successful business. With the right planning and systems in place, timesheet creation and collection can be painlessly integrated into the day-to-day operation of your organization.
Tom Jacobs writes for http://www.superbtimesheets.info where you can find out more about timesheets and other topics.Anallese Blog1537
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