Tracking and Managing Bank Hours

Bank Hours are commonly utilized by firms to track overtime work, compensate or offer time off during slower periods. This section is particularly useful for firms that permit employees to carry hours beyond the standard time. It's essential to note that these hours are entered manually by each employee on a specific date; the software does not calculate them automatically.

• How does it work? 
  If your firm decides to incorporate this feature the staff could enable the column for 'Bank Hours' within the 'Time Entry Screen' Gear icon, Column selection.
  
  
  They will proceed with the  time entries as usual on the time entry screen, identifying the client, work code, hours and description, and tag which transactions are considered overtime in the 'Bank Hours' column. At the end of the day, the user will require to manually add the total of 'Bank Hours' for that specific day, if any.
  The details and description of the transactions for that day are always accessible from the Time Entry Screen, and the Bank hour column will provide the option to sort the transactions.

If the employee has been approved to take the time off or if it was compensated, the hours need to be tracked in the Time Entry Bank Hours field as a negative amount.

Any Bank Hours added through the Time Entry screen can be viewed in: Time Entry screen 'Monthly Totals', 'Employee Properties Targets tab',  'Employee List - Bank Hours Report'.

•  Time Entry Monthly Totals: 
  

• Employee Properties Targets tab:
  
  

• Employee List - Bank Hours Report:
   
    

This approach ensures efficient management and monitoring of Bank Hours for better compensation and workforce planning.

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