Timesheets help you realise where you are wasting labour. They can help remove tasks that take longer than necessary and assist you in making decisions to optimise your tasks.
Many companies that render services to clients based on billable hours use timesheets for billing. Your business can reduce costs by automating billing and invoicing.
Timesheets let you know what your employees are working on. It tracks the efficiency of workers by comparing the amount of time they work with the output they produce. Timesheets help spot poor employee performance that costs your company money. Seeing which employees are productive and who is not can save your company money.