[Free Excel Tutorial] HOW TO CALCULATE OVERTIME HOURS ON A TIME CARD IN EXCEL - Full HD
[Free Excel Tutorial] HOW TO CALCULATE OVERTIME HOURS ON A TIME CARD IN EXCEL - Full HD
In this section, you will find easy-to-use Excel Timesheet Templates to calculate OVERTIME.
All you need to do is enter the information in RED, and Excel will calculate the hours and pay.
NOTE: These timesheet templates require you to enter the hours in an HH:MM format.
Now, lets look at the values and formulas in each column. Column B is simply the Name of each employee. Columns C, D, E, and F are the times that each employee started work, left for lunch, returned from lunch, and left work for the day. Pay attention to the hours worked by Emma, in row 8. Her shift extended over midnight (she started at 10PM and left at 7AM), and her lunch break also extended over midnight. Our formulas will take this into account, and calculate the proper times.
This formula is very similar to the formula in G4, expect that it subtracts the time between D4 and E4, the start and end times of the lunch break. Again, we compare the start and end times to ensure that the number of hours is calculated properly if the time period crosses midnight. Look at Emma's hours again -- she left for lunch at 11PM and returned at 12:30 AM. Multiplying the result by 24 gives us the actual number of hours worked, rather than a time value.
To avoid problems with your employees or the government, your company payroll spreadsheet should not only be accurate, but it should also comply with all federal and state laws. For example, your worksheet should correctly calculate overtime for all hours worked over 40. In addition, your company policy or state law may require you to pay employees double time for any hours worked per day above a certain threshold. You can create an Excel worksheet that correctly adds the hours an employee has worked and test to see if he has earned overtime or double time pay.
Free Excel Tutorial, HOW TO CALCULATE OVERTIME HOURS ON A TIME CARD IN EXCEL, Full HD
Free Tutorial, HOW TO CALCULATE OVERTIME HOURS ON A TIME CARD IN EXCEL, Full, HD
Excel Tutorial, HOW TO CALCULATE OVERTIME HOURS ON A TIME CARD IN EXCEL
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