Written by: Contracts & Finance Manager, I. M. Brooks
Do you complete your timesheet(TS) at the end of each day? What about a handy authorized charge code document? Do you review your timesheet for accuracy before signing? Why is all of this so important for a Government Contractor?
A company’s time keeping policy, accurate utilization of the policy, and successful execution of internal audits and external audits directly impact invoice and payment under a Government contract.
Examples of individual employee responsibilities/participation for adequate rated TS:
These are a few of the standards you will see in Government contractors timekeeping policy. Don’t be a contributor to your company being rated “inadequate” for time keeping, and/or required to forego direct submission of invoice(s) to Government customer agency/payment office, and/or incur that are deemed unallowable, and/or subject the company to Debarment.
Please contact your immediate supervisor, and the payroll department if you have questions or would like more information on timekeeping and its importance.