Approval is verifying and authorizing a timesheet or expense report before it is processed for payroll or payments. A supervisor or manager typically handles this process, but an automated system can also manage it.
There are few reasons why approval is important:
There are a few different ways to approve timesheets or expense reports. One way is to have a supervisor or manager manually approve each timesheet. Another way is to use an automated system that allows employees to submit their timesheets for approval.
If an employee's timesheet or expense report is not approved, they may not receive payments for the time they worked or the expenses they incurred. Sometimes, the employee may be required to repay the company for the costs.
Here are some of the benefits of approvals: