Everything You Need To Know About Contractor Timesheets
Everything You Need To Know About Contractor Timesheets
What is A Contractor Timesheet?
A contractor timesheet is an official document used by contractors to record and track the amount of time they have worked for a specific client or project. Contractors use timesheets to document the number of hours they’ve worked, the rate of pay for each hour, and any additional expenses for their services. The timesheet also serves as a legal record of their work, which is why it’s important for contractors to keep accurate records of their hours and expenses.
Why is it Important?
A contractor timesheet is important because it provides an accurate record of the hours worked, the rate of pay, and any additional expenses incurred by the contractor. This information is used to calculate the contractor’s pay and to ensure that the contractor is properly compensated for their services. The timesheet also serves as a legal record of the contractor’s work, which is important for auditing purposes.
What Should be Included in a Contractor Timesheet?
A contractor timesheet should include the name of the contractor, the date and time of the work, the rate of pay, the number of hours worked, and any additional expenses incurred by the contractor. It is important to note that the timesheet should also include a signature from the contractor to serve as proof that the contractor has agreed to the terms of the timesheet.
How to Create a Contractor Timesheet?
Creating a contractor timesheet is easy. All you need is a basic spreadsheet program such as Microsoft Excel or Google Sheets. Simply input the relevant information into the program and save the timesheet as a PDF. Once the timesheet is saved, you can email it to the contractor or print it out for them to sign.
Conclusion
A contractor timesheet is an essential document for contractors to keep track of their hours and expenses. It is important for contractors to record their time accurately and to ensure that they are properly compensated for their work. Creating a contractor timesheet is easy, and it is a necessary part of the contracting process.