The world is changing. Well, let’s be honest – the world is always changing, right? So the question is, are the changes good and helpful? Or are they creating more problems, red tape, and frustration?
Category: Software Features & Tips
When closing payroll periods, accuracy is key! Several recent studies have shown that inaccurate payroll can affect company branding, reputation, and retention. In fact, a study by Kronos stated that 24% of employees will seek new employment after the first payroll mistake and 25% will leave after the second mistake. Therefore, you’re going to want to ensure that you keep mistakes to a minimum if you want to keep employees happy and dedicated. Luckily, Timesheets.com has built-in warnings and hard stops to highlight possible errors, which allows you to correct errors prior to paying staff.
When closing payroll periods, accuracy is key! Timesheets.com has built-in warnings and hard-stops to highlight possible errors, so you can correct them prior to paying staff.
Recently, Timesheets.com updated the service to include a notification of any records exceeding a specified value when closing a payroll period. This new feature intends to resolve meal break violations. California, specifically, has a law that requires employees to take a 30-minute lunch break for every 5 consecutive hours worked when the employee works more than 6 hours in a single day. An employer must relieve an employee of all tasks and duties during this meal break period. If the employee does not get a meal break—during which they are relieved of their work duties—for each five consecutive hours worked, a violation occurs. A meal break violation is payable to the employee at the rate of one hour at regular pay. Violation pay does not count towards overtime calculations.
Many employers must use the by hours worked accrual rate to satisfy state and local sick time requirements. The laws that require employers to offer sick time also mandate the way in which that time accrues.
But that’s not its sole purpose. It is also a useful accrual rate for part time or temporary hourly employees because it helps keep employees from earning too much time off at times when they may not be working a regular schedule.
Learning a new business software takes time, no matter how user-friendly it is, especially one having to do with payroll. Can you imagine attempting to setup a system that tracks time for payroll, accruals, expenses, and client time with no support? We can’t either!
Online expense tracking serves several important business needs.
- Any business whose employees make company purchases is already familiar with tracking expenses for employee reimbursement. Repaying employees is more efficient and accurate with online expense tracking.
- Tracking expenses for taxes can help business owners save money.
- Billing customers is more complete when businesses track project expenses. This data helps business owners make better business decisions. This is because it helps improve visibility into the real cost of projects, beyond just the cost of payroll.
You can set up automated mobile and email notifications with Timesheets.com so that you get a text or email when certain things happen with your workforce.
For example, some managers want to know when employees come and go. We’ll let you know about this. We’ll also let you know when payroll is approaching so your don’t forget to pay your employees on time, and many other important events.
Running a small business and taking it to new heights can be challenging. Delegating tasks to employees and staying on top of expenses is overwhelming, especially while running an SMB. There is hope. Making use of business tools will get your business on the right track and give you enough boost to accelerate its growth in no time!
There are more apps for more types of things than most of us need or can even imagine. Businesses use them to replace many of the, now antiquated, processes and services that businesses need. But with this shift comes a learning curve. Some internet apps are pretty basic but any application having to do with money is going to be a little more complex.
For businesses whose employees work outside of the office, keeping track of their locations can be a daunting task. At the end of the day you get job tickets that list their locations but sifting through those tickets and matching them up with actual timecards is just about too difficult to even bother with. You pretty much have to believe that employees are where they say they are and that their timesheets are accurate.
Thankfully, the days of written job tickets are over. Time spent on customer jobs is tracked online now and the employee’s location at those jobs for those customers are recorded along with them.
If you’re like the majority of businesses these days, you’re probably trying to get away from filing cabinets full of paper records. The internet makes this possible with apps that cater to nearly every business need. Employee paperwork is no different.
For file storage you could, of course, use Dropbox or any other online storage app but doesn’t it make sense to keep your employee files alongside other employee records?