FAQ about timesheet

What is a timesheet?

Each week or month, you submit your timesheet details through Cool Company. Cool Company will then submit an invoice to your agency on your behalf. This covers the hours worked during the previous period. The agency will then go ahead and pay Cool Company for the invoiced sum. Each week or month, you submit your timesheet details through Cool Company. Cool Company will then submit an invoice to your agency on your behalf. This covers the hours worked during the previous period. The agency will then go ahead and pay Cool Company for the invoiced sum.

We will then ensure that you get your money within 24 hours. The net amount you receive will already have the income tax (PAYE), and Employees’ National Insurance Contributions (NICs) deducted from your gross pay. 

Read more about how it works here.

Why do I raise a timesheet?

To enable Cool Company to submit an invoice to your agency on your behalf.

How often should I raise a timesheet?

 This will be determined by your agency or clients payment schedule

When will Cool Company invoice my end client or agency after I have raised a timesheet?

 Once you have submitted your timesheet, we will invoice your client or agency immediately to avoid delays in payments

Can I submit overtime rates too?

 Yes, our solution is flexible enough to cover all payment types requested by contractors.

What is a timesheet?

Read more about how it works