A timesheet invoice combines a standard invoice and a timesheet into one, allowing hours worked to be documented and charged-for. The timesheet provides space for stating what an employee’s hourly rate ($/hr) is, the time they began working, clocked out, the total hours worked each day, if they were sick or took a vacation day, and the job or task they worked on.
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A timesheet is a document that states the number of hours an employee spent working in a given week, month, or other time increments. It will typically contain spaces for five (5) days, Monday through Friday, with an area to state exactly when the employee began work, the breaks (if any) that were taken, any overtime worked, and other pertinent information.
Standard Timesheet vs. Timesheet Invoice
Standard timesheets are used by a company’s HR department to pay an employee’s wage. They can be paper-based, used through a cloud system, or be recorded through a computerized system requiring inputs from employees or HR professionals. Generally, timesheets are handled by the employer and not the employee.
Timesheet invoices, on the other hand, are used by a freelance or contracted employees to request payment for the company they are working for. Although similar to a standard invoice in that it lists the number of hours worked and the total amount owed, timesheet invoices take it a step further by outlining exactly when a freelancer was working in during the day. While not all freelancers decide to do this, those that do often find relations with their employer improve due to the transparency and honesty it displays.
In order to give an employer a complete picture of the time that was worked, it is important that the following pieces of information are included in the invoice:
- Employee’s Name
- Employee’s ID # (if applicable)
- Employee’s Title
- Number of agreed-upon hours per week worked
- Invoice start & end dates
- The in/out times for each day worked
- Sum of each day’s total hours worked
- Number of hours of overtime/sick/vacation time (if any)
- Employee’s hourly rate
- The total invoice amount owed (hourly rate x total hours worked)
- Any notes regarding the work that was done
- Employee’s signature
- Supervisor/employer’s signature
The main difference between an invoice and a timesheet invoice is detail – there are several other field types that can be included if the freelancer or contract so chooses. Simply put, if there is information that would add clarity to the invoice, it should be included. If not, it can be left out.