As an employer, you must keep wage & time, and holiday & leave records that comply with the Employment Relations Act 2000 and the Holidays Act 2003. In particular, you must be able to show that you’ve correctly given your employees all minimum employment entitlements such as the minimum wage and annual holidays.
Good record-keeping makes sure that an employee’s pay and leave are correct, prevents misunderstandings, and protects the employer and the employee if there is a problem. Your employees have the right to know everything you are recording on their file, and have the right to access these records.
It is a requirement to keep timesheets for all employees. You therefore, need to have a very robust timesheet module integrated with your payroll system to ensure you are being compliant. Your timesheet module is of critical importance as significant efficiency gains will be made here. With all good software, data should only be entered once into the system, and it should flow on from there without any further manipulations.