It includes a table for calculating hours worked, pay rate, and overtime.Īutomatic Attendance Calculation: This timesheet calculator excel template can help you automatically calculate attendance. A timesheet calculator can help businesses keep track of employee hours, overtime, and vacation time.Įmployee Payroll Calculator: This timesheet calculator excel template can help you calculate your employee payroll. Large businesses may have hundreds or even thousands of employees, making manual tracking of hours impossible. Small businesses may not have the time or resources to track employee hours manually, and a timesheet calculator can help make the process more efficient. As mentioned above, when overtime is zero, this part of the formula returns zero.įinally, the sum of both calculations above is returned as the Total in column I.Do you need a timesheet calculator excel template to help with your employee payroll? Are you looking for an automatic attendance calculation tool? Check out our list of 10 timesheet calculator excel templates below! We have a variety of templates to choose from, including an Employee Payroll Calculator, Automatic Attendance Calculation, and more!Ī timesheet calculator excel template can be a helpful tool for businesses of all sizes. Then we multiply overtime by the same rate times 1.5. We first multiply regular time by the normal rate. This is where we finally calculate a total based on rate and hours, taking into account overtime paid at 1.5 times the normal rate. This is important because it effectively 'zeroes out' the overtime component of the formula in I5 when there is no overtime. Note the result will be zero if total time = regular time. We simply subtract regular time from total hours to get overtime. To calculate OT (overtime), G5 contains: =E5-F5 The result is the smaller of two options: 8 hours, or regular time as calculated above. This is an example of using MIN instead of IF to simplify. To calculate regular time, F5 contains: =MIN(8,E5) If you need to calculate elapsed time that crosses midnight, see this page for options and general explanation. This is simply end time minus start time, multiplied by 24 to convert to decimal hours. To calculate total hours worked, cell E5 contains: =(D5-C5)*24 In the example shown on this page, we capture time in native units, but then convert to decimal hours in column E. This works fine for standard time and date calculations, but in many cases you'll want to convert times to decimal hours to make other calculations more straightforward. Note: it's important to understand that Excel deals with time natively as fractions of a day.

Excel hour calculation template