A time sheet template is a piece of paper for recording the number of hours an employee has worked in an organization. It is used by management of an organization to record the time on which employees worked on the project. Basically, this sheet clearly states when an employee enters the premises to start his/her work as well as when he/she goes out. Later on, when finalizing compensation matters for employees, like calculating deductions, total salaries, overtime payments and bonuses, this sheet is used. The purpose of using this sheet is to help employers with determining the efficiency of employees. The regularity or punctuality award is also decided on the basis of this sheet. The time sheet is a necessary component for those people who want to complete assigned tasks on time. Moreover, different companies prefer to use this sheet to keep a check on employees who are working on different projects. Why a Time Sheet is Required? A time sheet format is required because it helps you with knowing what you and your employees are working on. It is used as a tracker that tracks the efficiency of your employees by comparing the time they put to work with
An income statement template provides a great help to a business. It helps a business owner to decide whether they can generate profit by increasing revenue or by decreasing their costs, or by both. It also shows them what are the effects of the steps that they took at the start of the financial period. Income statement also helps you in tracking the performance of your business. You can use your income statement to handle the tax responsibilities of your organization because when you get the final amount in it, you will be able to know how much tax you have to pay. Well, this financial document will officially explain the reporting period of time in which a company may make a certain amount of income. Importance of Income Statement An income statement is one of the major financial statements that report a company’s financial performance over a certain period. It is an entire component of a company’s financial statement and the result of income statement shows company net income or net loss. The statement is used to show external and internal stakeholders, either the company made or lost money during the recording period. It shows a company’s revenues which
A profit and loss statement template is a financial statement of a company that will give you a quick snapshot of your business’s health by showing your business’s income and expenses over a certain period of time. It is also known as an income statement or state of income from organization to organization. Moreover, it also lists your sales and expenses, which are generally recorded on a monthly, quarterly or yearly basis. These statements have become a critical part of analytic tools for investors, business managers and accountants to assess the health of a business. A profit and loss statement outlines how effectively an organization creates a profit through buying stock and selling products or services. However, an individual person or company can highlight the values of their profit and loss via arranging the figures of profit and loss on a table which enclose the values for a specified period of time. Why a Profit and Loss Statement is Essential for Public? The profit and loss statement is essential for the public because it shows the company’s revenue and expenditure over a specific period of time, which is usually an accounting year. Therefore, it is necessary to gain the trust of
A general ledger template is an account or record used to sort and store balance sheet and income statement transactions. Generally, it is the main accounting record of a company or organization. It will contain accounts of different financial terms, like current assets, fixed assets, liabilities, revenues, expenses, profits as well as losses. A general ledger will be drafted in the proper format, having a business name, a general ledger and its period on the top of the page. Every payment or receipt will be first entered in the general ledger, then used to make other financial statements. In terms of business, a general ledger may be defined as a collection of all the financial accounts of a company which are special in type and effective for the accounting procedures of an entity. Importance of General Ledger Basically, we can call a general ledger a financial report that is generated by the company to provide in-depth details about the values of different accounts with the description of whole transactions. However, this report will be used to make up the balance sheet of particular accounts. This is an official document of business which afterward used to create the income statement of
A discount voucher template is a financial discount incentive that’s used by many retail situations to allow consumers to purchase. Generally, coupons are issued by manufacturers of consumer packaged goods or by retailers, to be used in retail stores as a part of sales promotions. Therefore, it is issued in different retail situations, and it will be issued by the sellers to their customers containing information about the type, amount as well as validity of discount. Having a discount voucher, one can buy goods or services at reduced price. This discount may be up to some percentage of total prices, or a reduced price may be printed on the discount voucher. It is mandatory by law that issuing date and expiry date should clearly mention on such voucher. Importance of Discount Voucher Designing of a discount voucher is not very tough because a simple user can plan its design with little know-how. Discount voucher templates are the best marketing tool and blessing as well. Both the buyer and seller can take advantage of these vouchers, especially during special events like; Christmas, Easter and New year. Any individual or organization can maximize the sales volume during any festival by using these
A cash voucher template is a piece of paper which usually can be exchanged for goods and cash will be paid by some other person or on some future date. A cash voucher template is a document which can be used as an evidence that a monetary transaction has occurred between two parties. In business, it can be used for a variety of purposes such as sometimes taking the place of cash in a transaction, acting as a receipt as well as indicating that an invoice has been approved for payment. This contains some basic information about the use of this voucher such as name of the issuer, name of the recipient, amount for which the voucher was issued, date of payment and mode of payment. It will be drafted just like a bill and will contain the maturity date of the voucher. Voucher number will also be mentioned as a necessary section on the cash voucher. Generally, this kind of cash vouchers may present by the online shopping website as well as retail stores that advertise their products with different offers. Benefits of Cash Voucher Template A professionally designed cash voucher is the perfect solution for those individuals who
A face sheet template is a document that usually gives key information about a patient at a first glance. Generally a face sheet contains the contact details of the patient or his family, brief medical history of the patient, stage of the disease, patient’s preferences as well as his level of functioning. A face sheet template may be used by clinical doctors or by hospitals. Generally this sheet is kept at the reception and a copy of this sheet is kept in patient file to assist doctors in starting their treatment. A face sheet format is basically a one-page summary of important information about a patient. In a business it is a brief document which is generated by someone when he has to present several sheets to some company or business and the authority of company may ask him to list all the key points of different sheets on face-sheet. Details of Face Sheet Template However, this formally written face sheet template may highlight the most significant points of dissimilar sheets to provide the base idea about each sheet. It’s a fact, no one even have enough time to spend for review the several sheets, that’s the only reason people ask for
A rate sheet template is a list of prices of goods or services offered for sale. A rate sheet may be used by departmental stores or by grocery stores to display the prices of commodities. A rate sheet template is a lists or spreadsheets containing points and interest rates that lenders deliver to mortgage brokers or loan officer employees every day. Generally these lists includes list of goods for sale as well as their prices in different categories or simply in two or more columns. This sheet will contain business information on the top of the page along with a business logo. It may be printed on a white paper or a colored paper depending on the nature of the dealer. A rate sheet template will assist the individual buyer to simply know the official rates of different products set by the vendor, manufacture or dealer. Details of Rate Sheet In point of view of grocery stores and shopping malls a rate sheet is an itemized list of prices set for different goods or services by the seller. Basically this rate sheet template will contain the price of each item offered for sale. However, rate sheet template may also be delivered by the
A free receipt template is a simple commercial document which is used to prove the payment received along with the information about reason of making payment. A receipt template may be used as cash receipt, rent receipt, payment receipt and delivery receipt.
This receipt will be drafted as a simple document containing information about goods being sold, seller, and the buyer, amount paid, mode of payment, date of payment, signatures of both the payer as well as payee. A payment receipt format is a small sheet of paper generated by a business while receiving the payments. This receipt will officially verify that the payment from client has been received on specific date under the exchange of money with goods or services. No doubt, this simple receipt may sometimes get by the individuals who making a purchase at the grocery store or sometime exchange between the businesses. We can also call this receipt as a business document which is sent with product deliveries to ensure that seller has revived the payments made by the purchaser. Benefits of Payment Receipt A payment receipt is beneficial for both the customer and the business as it lets the customer know that their payment has been received and if they payment is paid in full or they still owe to you and in the same way the business also gets a proof of their sale which helps them in keeping their records and reconciliation. Payments receipts are