Many service centered organizations work on a project basis and raise invoices to their clients based on the time worked on the project. In such cases, it is important to keep accurate records with all necessary details. A timesheet records the details of the employee, the project, start, end and total time worked, activity type, activity details, billing details and other information. Accurate timesheets are crucial for generating reports for clients and internal stakeholders. Analyzing timesheets help discover patterns and problems so that necessary actions can be taken to ensure the success of the project.

In many cases, the cost per hour might differ between employees or service teams. In these situations, it becomes convenient to automate the calculation of the total billing amount.

Timesheets contribute largely to streamlining project management. Timesheets may need to be approved by internal stakeholders and even clients in some cases before an invoice is generated. Timesheets also help in measuring the productivity of employees and teams.