Managing Payroll & Timesheets
Processing payroll requires precise time math and standardized week numbering, especially when dealing with international contractors.
Calculate the exact duration between clock-in and clock-out times, and identify standard ISO week numbers for financial reporting.
Essential Calculators
Use these tools to run the numbers for this scenario.
Action Plan Checklist
- Determine the standard week numbering system your accounting department uses (usually ISO-8601).
- Convert all employee time durations from minutes into decimals (e.g., 45 minutes = 0.75 hours).
- Calculate total business days in the pay period to project salary costs.
Required Reading
Deep dive into the strategies behind this use case.
How to Calculate Time Duration
Calculating time duration requires converting your times to a 24-hour clock, subtracting the start time from the end time, and borrowing 60 minutes if the end minutes are smaller.
How to Calculate Business Days Between Two Dates
Learn the math behind calculating business days, excluding weekends, and accounting for public holidays accurately.
Key Terminology
Understand the financial and mathematical terms involved.
Frequently Asked Questions
What is an ISO week number?
A standard way of numbering weeks (1-52/53) where the week always starts on Monday. It is heavily used in European business and global payroll systems.