Electronically maintained filesare easier to share with employees across the company. In addition, more individuals who need access can review files simultaneously rather than having to pull them onpaper from filing cabinets. Financial documents can be shared easily across the organization with key individuals who need them in a timely fashion before making important business decisions. Accounting software is the…

These policies can include punch-in punch-out time, exceptions, punch-in cut-off time, minimum total working hours in a day, and more. Accurate payroll calculation ensures employees receive the correct compensation on time, enhancing trust and satisfaction. As mentioned earlier, all timesheets (paper and electronic) must be stored for at least three payroll years to comply with labor laws. Some companies require…