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A proper timesheet includes: employee name and ID, pay period (week/month), daily start and end times, break duration, total regular hours, overtime hours, project/task codes (for project-based billing), leave/holiday markers, employee signature, and manager approval.

Overtime rules vary by country: In India, overtime is 2× normal rate for hours above 48/week (Factories Act). In Australia, 1.5× for first 2-3 hours, then 2× (varies by award). In Ireland, no statutory overtime rate but commonly 1.5×. In the UK, no statutory rate but must maintain minimum wage across all hours.

Accurate timesheets are essential for: correct payroll calculations, project profitability analysis, client billing (especially for service companies), labour law compliance, overtime management, resource planning, and audit trails. Inaccurate timesheets can lead to payroll errors, legal disputes, and lost revenue.

An attendance sheet records presence/absence (present, absent, leave, holiday). A timesheet records detailed hours worked, including start/end times, breaks, overtime, and project allocation. Timesheets provide more granular data needed for payroll, billing, and productivity analysis.