Payroll accounting is essential to your business. What is absolutely necessary to do it well? Change the timer.
Time clock conversion means converting your employees' working hours and minutes into decimals to calculate their wages. Here's an hourly calculator to help you do just that. Simply enter your employees' timecard hours on the left to see the decimal hours on the right.
Clock Conversion Calculator
Want to dive right into time clock conversion? Just enter the hours and minutes below and our free time card calculator will automatically convert them to decimals for you. Refresh the page to clear everything.
Fundamentals of Time Clock Conversion
Wait...so why do I need a time conversion?
usually you canEmployee Time Trackingin hours and minutes. But the hours and minutes do not directly correspond to the money owed. Because? Because there are 60 minutes in an hour, not 100. You must convert time to decimals to find your employees' exact rate of pay.
This is crucial for hourly employees who are frequentnon-exempt workers. It is also important to include lunch breaks, general breaks,overtime pay, zpublic holidays.
Consider the case of Melanie. This week he worked 37 hours and 42 minutes (without overtime). The hourly rate she receives is $15.
First you need to get information from your weekly time card or time sheet that contains yoursentry and exit times(psssst.... gratisTime Card Templates Here). You then need to multiply the number of hours you worked by your hourly rate to get it.Determine your total weekly salary.
However, if you take 37 hours and 42 minutes as is, you get 37.42. That's wrong, because again, an hour is 60 minutes, not 100. You need to convert the minutes to decimals.
The correct calculation looks like this:
42 minutes/60 = 0.7
Then you need to add the minutes converted to hours:
37 + 0,7 = 37,7
This means that 37 hours and 42 minutes becomes 37.7 hours in decimal time.
So Melanie's weekly wage based on total hours is:
37.7 hours x $15 = $565.50
Denken Sie daran, das ist Melaniesgross salary. To get your net salary, you need to take into accountdeductions and taxes.
Conversion table from minutes to decimals
Manually converting employee hours and minutes to decimals (hundredths) is time consuming and error prone.
If you don't want to use a conversion calculator (like the one above), another basic tool is a decimal conversion table. and see that this is equal to 17.42 hours.
military time change
In addition to converting hours and minutes to decimal times, you may also need to convert the time from 24-hour format to 12-hour (am/pm) format. This is eg. B. Required when employee timecards are set to 24-hour format.
The 24-hour system is commonly known as military time. It is commonly used by the military, government, transportation services, hospitals, and similar organizations.
Instead of having the hours of the day from 1 to 12, the 24-hour clock starts at midnight and lasts until midnight of the next day. It does not use the am/pm designations that indicate whether a time is morning or afternoon.
You can check the military time conversion here:
Handle payroll like a pro
Business Owner: Tired of fiddling with paper time cards or endless time sheets and doing tedious conversions for your Excel payroll?
With Hourly you can do all your tasksEmployee Time TrackingmiPaysheetneeds with a digital solution.
Your employees can seamlessly log their hours with our time tracking software. Data is automatically entered into payroll, so you don't have to worry about converting time clocks or timesheet calculators.
Hourly's software also has other useful features that make running a small business easier. Hourly can help you with that.workers compensation,labor costs,overtime pay, and more.
Download the app for hourson your mobile device, and get started right away!
1. Present
Your introductory email should pack a lot of information into a small package. Try something like this:
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Hello Jane,
My name is John Doe and I work for ABC, where we provide commercial insurance policies to many rock star small businesses in Dallas.
Congratulations on your new business, Jane's Bakery. Do you wonder if you have all the insurance you need? Or if your policies really protect you in an emergency?
At ABC Agency, we pride ourselves on offering strong, comprehensive coverage options for businesses like yours with flexible pay-as-you-go plans.
Are you available this week to talk more about how we can help? I can help you find the lowest rates and the best policies available.
I hope to speak to you soon.
Health,
John Perez
2. Make an offer
After meeting your prospect, a quick response with the offer gets the ball rolling.
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Hello Jane,
Thank you for meeting with me this morning. I loved walking through Jane's Bakery - I can still smell those delicious chocolate chip cookies baking! You are in a great location and I am sure you will do well on Front Street.
After reviewing my notes, I gave him an insurance quote (attached). I recommend a business policy. A BOP includes several insurance products in one: liability, property, and business interruption insurance. It offers solid coverage at a competitive price.
I'll call you in a few days to find out what you think of this insurance plan. In the meantime, if you have any questions, feel free to email or call me at [phone number].
Thanks again for your time today. I look forward to working with you in the future.
Health,
John Perez
3. Thank you for purchasing a policy
Gratitude is important! Thanking your customers for their business is never a bad idea.
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Hello Jane,
Thank you for choosing a commercial policy with Agência ABC. We know that getting the right coverage for your business is very important, and we are honored that you have placed your trust in us.
We like to work closely with you, and ours doesn't. 1 The goal is to ensure that your business is always protected.
Do you have any questions? We are here to help. Sign up if you think of something.
Thank you again for choosing ABC to insure Jane's Bakery.
Health,
John Perez
4. Welcome email
A welcome email makes customers feel like you're there for them, and you can easily introduce them to other insurance products you offer.
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dear jane,
Welcome to the ABC family! We look forward to welcoming you as a new customer and serving all of your insurance needs.
As an independent insurance agency, we work with various insurance companies to find the best coverage options for all of our clients. If you need another type of insurance, e.g. B. [add additional offers exclusive to your agency, e.g. B. life insurance, medical insurance, home insurance or any other], we can also help you.
Would you like to discuss any of these policies?
Health,
John Perez
5. Introduction of a new product
A satisfied customer may want to expand their business with you.
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Hello Jane,
I hope you and Jane's Bakery are doing well. I had a blueberry coffee muffin yesterday and they were delicious. I loved the hint of cinnamon in the muffin! Was that your idea?
I wanted you to be the first to know that we are now offering commercial auto insurance for our policyholders. Auto insurance for your catering vans is very important as your personal auto insurance will not cover them.
We currently only offer this coverage to our current business customers and have very competitive rates.
Do you want me to make you an estimate?
As always, thank you for being a part of the ABC family.
Health,
John Perez
6. Ask for references
Once your relationship is established and comfortable, let your customers help you grow.
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Hello Jane,
You have been a valued member of the ABC family for two years and we truly appreciate your business, not to mention the bagels you provide for our monthly gatherings!
Since you are a valuable policyholder, I have a quick favor to ask of you. I know you are active in your local chamber of commerce and I hope you meet some colleagues who would benefit from working with our insurance company.
Referrals are one of the most effective ways to connect with our community because people truly trust their friends, family, and co-workers. Is there anyone you would recommend I talk to?
Remember that in addition to insurance products for companies, we offer everything from life insurance to pet insurance.
As a thank you for your help, we'll send you a $100 Amazon Gift Card if your referral takes out insurance with us.
Thank you very much for your help!
Health,
John Perez
7. Contract renewal
If your client needs to renew their policy with you, send an email like this:
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Hello Jane,
I hope you're well! The year that has passed, from being named one of the Top 5 Bakeries in Dallas to becoming the Official Supplier to the City, has a lot to be proud of.
Just keep in mind that your business owner's policy will be renewing soon and will expire on June 15, 2023.
If you're still happy with your coverage, we can easily renew it for you.
Do you have time to talk this week?
I look forward to serving you again!
Health,
John Perez