Tracking and Recording Expenses using Online Software
The project management could be proved a very crucial and hectic task sometimes due to the overhead of calculating the expenses and time worked by the employees within the organization on different projects. With the introduction of the online timesheet software, the lives of the managers have reduced a huge burden. All the paperwork has been removed and any kind of chances of errors are also eliminated. The performance of the employees is also increased which benefits the organization’s efficiency and effectiveness. There are so many different modules within the web-based application of timesheet that one can’t find them out at once. These applications greatly help in recording the time worked by employees on assigned projects and tasks.
Managing Expense Records Online
All the expense sheets of the employees are available on the page, comes after selecting the ‘Expense Sheet’ on the dashboard. Any employee can create the expense sheet based on the daily or weekly based expenses soon after their occurrence to avoid the chances of mistakes and human error. The expense sheets, that are not presented for the approvals to the authority can also be viewed by the administrator prior to submission. The project, about which the expense is incurred can be selected from the drop-down list along with the expense task. The brief description about the expense is added within the expense sheet in order to make the authorities aware of the details of the expense. The attachment of the receipts and memos about the expenses can be simply attached for the convenience of the authority.
Expense Sheets | Edit, Delete:
The already submitted expense sheet can be edited as per the user requirements and can be resubmitted for approvals. Moreover, in case of useless expense sheet the particular expense sheet can be deleted easily by pressing a button and making a confirmation. The expense sheet can be reimbursed in the currency relevant to the project, task or as per the company policy. Each user can maintain a separate expense sheet so there is no misconception and working and dealing in this manner is quite simple indeed. The amount, to be reimbursed can be inputted within the text field provided.
Recording Audits of the Expense Sheets:
The expense sheet, which is edited by the employee, after submission is tracked within the audit of the application and one can have a check on the previous version of the expense sheet for any update or new required modification. The expenses incurred in the same manner does not require the filling up of the form again but only the employee can copy the already available sheet and then modifying it as per the expense’s needs. Within the audit an employee can check for the last update time and modification made in the expense sheet previously. The administrator can have a look at the employee who made the modifications within the expense sheet and also at the degree of changes made.
Check Our Previous Article: Online Time Management and Expense Software Revolutionize Business Field
