how does a timecard calculator work?

A timecard calculator is an invaluable tool for businesses looking to keep track of employee hours and accurately calculate their payroll. It improves accuracy in employee billing and payroll calculations, saving valuable time and money in the process.

Timecard calculators operate by tracking when employees start work, when they take breaks, lunch breaks or overtime and automatically calculates the employee's wages according to the hours worked, current wage rate and any applicable overtime premiums (if applicable). Depending on the type of calculator and setup, it can also factor in additional charges such as state or federal taxes as well as any deductions such as pensions plans or health care plans.

The benefits of a timecard calculator are numerous; they are easy to use and give accurate results every time. This eliminates any human errors that could otherwise arise from manual bookkeeping. In addition to being simple to use, a timecard calculator also saves a lot of time due to its automated nature. The calculator can automatically generate an electronic timesheet or payroll stub at the end of every pay period making it super simple for both employers and employees alike.

One additional piece worth noting is employers are able to set predetermined criteria for regularly scheduled employees - i.e., pension contribution rates, salary rate increases, etc.. This is particularly helpful for employers with semi-regular hourly workers or commission-based salespeople who have fluctuating work schedules.