I keep paper copies, but this is more to maintain an audit trail to support my travel and expenses (i.e. if subject to an HMRC investigation, then I have both a record of expenses, and the timesheets recording the fact that I was on company business).
I have had timesheets queried by the client on occasion, but these were from a subcontractor (blameless, I should add) who was working through my company.
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Previously on "Keeping printed copies of electronic timesheets"
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None whatsoever. Your invoice is all you need. In over 10 years of contracting I've never had a dispute about hours worked.Originally posted by Clippy View PostAt my current gig, every Friday, I complete an electronic timesheet system to record my hours for the end client. I also take a print out of the timesheet for my own records.
I then submit a MyCo invoice to the agency for payment.
With regards the printout I take of the electronic timesheet for my records, I am wondering if there is any need for me to keep this copy (for example, from an accounts or audit perspective) once my invoice has been paid.
Anyone have a similar setup to the above? What do you do?
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I keep them for my own records in case of any disputes, and if the agency's system suddenly truncates my records.
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Keeping printed copies of electronic timesheets
At my current gig, every Friday, I complete an electronic timesheet system to record my hours for the end client. I also take a print out of the timesheet for my own records.
I then submit a MyCo invoice to the agency for payment.
With regards the printout I take of the electronic timesheet for my records, I am wondering if there is any need for me to keep this copy (for example, from an accounts or audit perspective) once my invoice has been paid.
Anyone have a similar setup to the above? What do you do?Tags: None
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