A Factoring Distributive Property Worksheet is a tool used in accounting to help employees keep track of their interests, so they know exactly what they are required to do. It also helps employers keep track of the times and tasks their employees are doing. This way they can compare the time of each employee against the time required by another employee.
Distributors typically have several people working for them. These people may be part-time, full-time or contract employees, temporary staff or even internal contractors. The only way to determine who is on which company’s time and how they are spending that time is to have a Factoring Distributive Property Worksheet.
Accountants work with huge documents every day. Without a means to summarize them easily, they have no idea how much work they have done and how long it will take them to complete the task. A factoring distributor works in two distinct ways: presenting and completing. This worksheet helps the distributor keep a record of the time they have spent doing the job, as well as the time they have left to do the job.
Using a Factoring Distributive Property Worksheet is easy. Employees must first supply their date of birth and their employee number. Then, the employees tick off all the time they have spent on the tasks or projects, whether it is an hour, an hour and a half, a day, a week or a month.
The basic work of the worksheet is to list down all the time that has been spent on each project by the employees and also the employee’s time spent completing the project. The numbers assigned for each section are important, as employees will have different duties and not all of them will be doing the same task.
If the project or task requires that the distributor take more than one form, then the worksheet can be broken down into four sections: these will be presented, uncompleted, completed but not completed but also presented. It will not matter what time each person spends on the task if it is completely completed and presented and the numbers assigned for each task are different. Therefore, using a worksheet with sections can help ensure consistency when tabulating the time spent on a task.
How many employees are doing the work is important. For instance, if only two people are working on a task, then only the portion of the work completed by each worker should be listed in the worksheet. Another example is if a manager or head of the department has one task and an employee has a different task. If both tasks are complete, then both should be listed in the worksheet, regardless of who has the overall responsibility for the project.
Use of a Factoring Distributive Property Worksheet is a great aid to managers and owners as well as to accountants who need to keep track of their employees’ time. If you need help organizing your workplace, you can use this worksheet to help you keep track of your employees’ time and make sure everyone is working on their best days.