How Much Are Paper Timesheets Costing Your Company?

 How much are paper timesheets costing your company?
5
min read
July 7, 2020

When you think about the cost of paper timesheets, the first thing that comes to mind is probably the amount you spend on paper. But the truth is, if you’re still relying on paper timesheets to track your employees’ time and process payroll, there are far more hidden costs than just the cost of paper—and those costs can have a seriously negative impact on your bottom line.


So, when it comes to paper timesheets, what are the actual costs to your business? How do paper timesheets play into the profitability and productivity of your business processes? And how can you streamline your timesheet process to recoup those unnecessary costs and make your business more efficient and sustainable?

The time costs of paper timesheets

One of the biggest costs of paper timesheets to your business? Time.


Using paper timesheets to track time and process payroll costs a tremendous amount of time. Some of the common time costs of paper timesheets include:



The point is, paper timesheets cost your business a huge amount of time—time that, as a business owner, you could be spending on more important, fulfilling, or profit generating activities.

The accuracy costs of paper timesheets

Not only are paper timesheets more time consuming, they can also be less accurate—and that can cause major problems for your business.


Paper time cards as a time tracking system can be rife with inaccuracies. Some of the accuracy costs of paper timesheets include:



In order to run your business effectively, you need an accurate picture of your employees’ hours and your payroll spend—but the inaccuracies inherent with paper timesheets can make it difficult (or even impossible) to get that picture.

The efficiency costs of paper time sheets

Paper timesheets create financial, time, and accuracy costs for your business. But they also present efficiency costs.


Paper timesheets can negatively impact the overall efficiency of your business in a few different ways, including:



Bottom line? You want your business to run as efficiently as possible—but paper timesheets just don’t allow for a high level of efficiency in your time tracking and payroll processes.

How Hourly can help you take back the costs—financial, time, accuracy, and efficiency—of paper timesheets

Clearly, paper timesheets drive some major costs—financial costs, time costs, accuracy costs, and efficiency costs—for your business. Which is why, if you want to recoup those costs, you need a better, more effective solution to track your employees’ time. 


At Hourly, we make it easy for business owners to quickly, accurately, and efficiently track their employees’ time and process payroll directly from their mobile devices—and without the need for costly, time-consuming paper time cards.


The Hourly app includes a host of features designed to streamline the time tracking and payroll processes, including:

Want to learn more about Hourly’s employee time tracking solutions and how they can support your business? Sign up for a free 14-day trial today!

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