A spreadsheet is an application that allows you to manipulate numerical information. When creating a spreadsheet, you enter the values for different types of information in cells. By programming formulas into the spreadsheet, you can manipulate the inputted data based on a set of variables.
Payroll can become a time-consuming aspect of owning or running a business. By setting up a spreadsheet that uses specific functions and formulas, you can simplify the payroll process. This payroll spreadsheet should account not only for regular payroll hours worked but also overtime. You can create a spreadsheet with this overtime function using Google Docs.
Google Docs is an office suite that features word processing, spreadsheet and presentation applications. The suite supports 15 file formats from different software manufacturers including Microsoft and Adobe. You can create new files in these supported formats or import existing files saved in these formats. Google Docs also allows you to create documents and collaborate online in real time with other users around the world. Google offers 1GB of storage for free and offers paid storage options if you require additional storage capacity.
An overtime function or formula in Google Docs allows you to calculate overtime wages for a specific employee. From Google's homepage, select the "More" option. Click "Documents" and select the "Create" button. Click "Spreadsheet" to open a new window with a blank spreadsheet. You can set up the overtime function within this spreadsheet to automatically calculate the overtime wages based on a set pay-rate multiplier for hours worked over a maximum threshold. For example, the overtime function could apply a pay rate of 1.5 times an employee's normal rate of pay for hours worked in a week that exceed 40 hours. Click a blank field within the spreadsheet and select the "Function" option. Select "Sum" and enter the formula in the spreadsheet field. The exact formula you enter will depend on the data fields used to enter specific employee information. Additionally, the overtime function in Google Docs can calculate the sum of all overtime paid to all employees for a given pay period.
One of the most important considerations when writing formulas in Google Docs spreadsheets is the verification of the formula. Always double-check the information used to create the formula, because an incorrect formula will result in incorrect information calculated and displayed on the spreadsheet. In the case of an overtime function, an incorrect formula can result in the underpayment or overpayment of overtime wages.