The federal law on timesheets requires all businesses to create timesheets for each employee. Timesheets must include:
The employee’s name
The pay period covered
Days worked
Total hours worked
Any overtime hours
Federal law also requires employers to store their staff members’ timesheets for a minimum of two years, even if they’re stopped working for the business and moved on to another opportunity. Business owners and managers who violate these laws may face penalties of up to US$10,000.