Methods and Tips for Payroll Scoreboard Management

Naturally, every employer wants to have comprehensive information about the working hours, overtime or leaves, situations requiring overpayment and other entitlements or deductions of the personnel they employ. First of all, it is extremely important to follow such situations regarding the personnel working in the business for a healthy financial management. In fact, for this, payroll scoreboard is used in businesses. If we look at what scoreboard is, we can say that it is the shortest definition of the employees’ work tracking system. With the scoreboard, the hours employees work and their entitlements in return can be easily calculated.

 

How to Create a Scoreboard? – Parameters Used in Creating a Scoreboard

Now that we have answered the question of what a scoreboard is, let’s also look at how a scoreboard is created. Of course, each company can use a different method in the scoreboard creation phase depending on its size or operation. However, it would not be wrong to say that the parameters used for payroll scorecard management are generally the same. We can list these parameters as follows:

• Number of days worked,
• Overtime,
• Absence information,
• Situations requiring additional payment (premium, bonus, etc.),
• Situations requiring deduction (warning, absenteeism, etc.).

Methods for Creating a Scorecard – How to Create a Scorecard?

Each company can create its own scorecard system using the parameters we have specified above. The methods generally used for this are as follows:

• Scoreboard – Creating a Scoreboard

As the name suggests, the scoreboard is a manual method. In this method, workers’ payroll scoreboard tracking is done by writing the entry and exit times into the relevant file by the scoreboard.

• Electronic Card – How to Fill Out the Scoreboard?

Another method that is most common among the methods of filling and creating a scoreboard is electronic cards. When employees enter and leave work, they scan this card into the system and thus their entry and exit times are recorded.

• Fingerprint or Face Recognition – Filling in the Payroll Schedule

In addition to electronic cards, fingerprint and face recognition systems are also used for payroll score tracking. These systems, which have the same logic as electronic cards, automatically transfer employees’ entry and exit information to the system.

Use a Payroll Schedule for Healthy Financial Management!

The payroll score sheet is one of the important tools for healthy financial management. With an experienced accounting team, you can prevent problems such as your employees not receiving their entitlements thanks to the score sheet, and develop a much more efficient payroll system for both your staff and you. You can easily determine the monthly working hours of your employees through the timesheet, follow developments such as starting and finishing hours, days off, absenteeism, make additional payments or deductions accordingly, perform payroll transactions corresponding to their wages, and provide your business with a healthy accounting management.