FAQs about timesheet
There’s a lot to get your head around when it comes to becoming a contractor. Cool Company can help you manage the complications and is here to help you. Our FAQ guide tells you all you need to know about the process of timesheets.
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.
To enable Cool Company to submit an invoice to your agency on your behalf.
This will be determined by your agency or clients payment schedule.
Once you have submitted your timesheet, we will invoice your client or agency immediately to avoid delays in payments.
Yes, our solution is flexible enough to cover all payment types requested by contractors.
Do you want to know more?
Do you still have questions or want to know more? We have collected all our questions and answers that you can navigate between. Check out our FAQ page.