subject: Different Layers of Timesheet Management [print this page] As you can see, the act of filling out a timesheet sheet stretches much further than your paycheck. Timesheet software plays a major role in how employers run a business. It helps them determine wages. It relieves them from worrying about taxes. Basically, it frees them up to run a more efficient business. In actuality, that simple act of logging your hours is only one layer of timesheet management.