1099 Timecard

Key Features

• Daily Hour Entry: Contractors enter the total number of hours worked each day, simplifying the time-tracking process.
• Invoice Upload: Allows contractors to upload an invoice that accompanies their entered time for review and approval.
• Approval Process: Requires approval of the timecard and the accompanying invoice before payment is processed.
• Document Management: Supports document management by allowing the upload of invoices and other relevant documents.
• Status Indicators: Displays the status of the timecard (e.g., submitted, approved, processed) to indicate the progress of the review and approval process.

Benefits

• Simplicity: Streamlines the time tracking and invoicing process, making it easier for contractors to record their hours and submit invoices.
• Efficiency: Reduces the administrative burden on both contractors and managers, improving overall efficiency.
• Transparency: Provides clear visibility into hours worked and invoices submitted, ensuring transparency and accountability.
• Separate Billing: Ensures that the contractor’s invoice is not attached to the client invoices, maintaining confidentiality regarding contractor payments.
• Compliance: Helps maintain compliance with labor laws and contractor agreements by accurately recording hours worked and invoicing details.

Best Suited For…

• 1099 Contractors: Ideal for independent contractors who need to submit invoices for their work hours.
• Staffing Agencies: Useful for staffing companies that place 1099 contractors at client sites and need to manage time tracking and invoicing separately.
• Freelancers: Beneficial for freelancers who bill by the hour and need a simple way to record their time and submit invoices.
• Consulting Firms: Suitable for consulting firms that employ 1099 contractors and need to manage their time tracking and invoicing efficiently.