Try our free printable timesheet templates, find the most efficient one for your business and eliminate manual steps. Having a real-time timesheet can be very useful for companies to generate complex project reports, PTO, and leaves based on spent hours, etc. This can be a simple clock in and clock out system for the day or tracking tasks that add up to a final project. That’s why there are timesheet templates to get you started in the right direction.Ī timesheet is a method for recording the number of time workers spend working. Time tracking is becoming increasingly important for all types of employers. Timesheet as a keeper of time and money.Timesheet Template for Multiple Employees Detailed Free Employee Timesheet Template Simple Weekly timesheet template and Weekly Timesheet for Multiple Employees So, these are the Excel formulas I use to calculate hours worked and overtime in a week.
Even if you did understand how the formulas work, you can modify and extend this template for fulfilling your specific criteria. Whatever hourly rate your company provides and whatever working hours per week your company has adopted, this template will suit your company. Multiplication of the Over Time Rate and total Over Time Hours. Multiplication of the Regular Hourly Rate and total Regular Hours. So, we just refer that cell in the cell I23. This formula returns the maximum one between these two values: G16-I16 and 0.Ĭell I22 actually holds our total Over Time hours. To calculate Regular Hours, I have used this formula in the cell H16: =MAX(G16-I16,0) Let me check this formula for the cell I21: =IF(SUM($G$16:G21)>work_hours_per_week,SUM($G$16:G21)-work_hours_per_week,0) value_if_false: Otherwise the IF function returns value 0.value_if_true: If the sum exceeds the value, the IF function returns this value: SUM($G$16:G16)-work_hours_per_week.logical_test: IF function checks whether the sum of the expanding range has exceeded the value of work_hours_per_week.This is why it is called expanding range. For the next cell ( I17) in the column, this range will be: $G$16:G17. This is the formula I have used in the cell I16 to calculate the Over Time Hours: Though the template shows the Regular Hours before the Over Time Hours, I actually calculated the Over Time Hours before the Regular Hours. This is why we get the value in Number Otherwise, subtraction of two times results in Time format.We multiplied ( (Time Out – Time In) – (Lunch Ends – Lunch Starts)) by 24 to covert it into hour value.And (E16-D16) is (Lunch Ends – Lunch Starts). (F16-C16) is actually (Time Out – Time In).We have used this formula in the cell G16 to get the total hours: =((F16-C16)-(E16-D16))*24 This “ Total Hours” is calculated for an individual day. These are the outputs we get from our inputs: Time Out: This is when the employee completely leaves the office place.Lunch Starts: Time when the lunch starts in the working place.Time In: This is the time when the employee enters into the working place.The template takes 4 time-inputs (above image):
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