Excel Formulas to Create a Timesheet for Overtime Calculation Formula!!

For instance, there is a table recording a worker’s work on and work off time, and you want to calculate the overtime hour and the payment as below screenshot shown, how can you quickly solve this task in Excel? In this chapter, we will discuss the formulas to create a timesheet for overtime calculation in Excel. Let’s get into this article!! Get an official version of ** MS Excel** from the following link: https://www.microsoft.com/en-in/microsoft-365/excel

Generic Formula:

You can use the below formula to calculate overtime and pay associated with overtime in Excel.

=(reg_hrs*rate)+(ot_hrs*rate*1.5)

Syntax Explanations:

Reg _hrs – It represents the input regular time from your worksheet.
Ot_ hrs – It specifies the overtimes.
Rate – It represents the input rates.
Multiplication (*) – In this symbol will multiply any two values or numbers.
Plus operator (+) – This symbol is used to add the values.
Comma symbol (,) – It is a separator that helps to separate a list of values.
Parenthesis () – The main purpose of this symbol is to group the elements.

Practical Example:

Let’s consider the below example image.

First, we will enter the input values in Column B to Column F.
Here, we have to calculate the overtime.

Select any cell and type the above-given formula.

Finally, press ENTER to get the result out, if you need, drag the fill handle over range to apply the formula.

Bottom-Line:

In this tutorial, we have described the simple tricks to create a timesheet for overtime calculation in Excel. I hope you like it. Mention your queries in the comment box below.

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