Timesheet is an effective management accounting tool providing clarity & understanding of time being spent by a particular employee or a group of employees, enabling accurate measurement of resource utilisation, keeping track of task level quality and on time performance and making project forecasting & estimations more accurate.

It is a useful tool and helps management in decision making as

It provides employee wise visibility on time spent on productive and unproductive work
It provides clarity on team wise and employee wise utilization and work load
It permits only authorized project members to assign time against projects, thereby controlling the resource allocation. It can also be extended to allow for project expenses