The use of attendance tracking sheet is therefore an effective tool, which helps school as well as businesses to know which students and employees were absent at the time they were expected to be on session respectively.The monthly attendance sheet and the daily time sheet are the most common types of Attendance Sheet Templates available. Attendance information could be helpful when assessing job performance during yearly evaluations. Use this simple employee attendance tracker template to document whether each employee worked or took vacation, personal or sick days. You can also add tabs for each month of the year to keep a running history of employee attendance throughout. Importance of a Monthly Sheet. Monthly sheets form the basis for some ledgers or even for pay in some companies (salary being from monthly attendance sheets or monthly expense sheets for financial statements). Monthly balance sheets keep decision makers updated on how the business is doing.