How to configure the settings which allows employee to submit timesheets on daily basis?

Before a timesheet policy can be assigned to employees, there needs to be clearly defined settings and restrictions based on which employees can log their hours and submit the same for approval. These settings can be defined along with the creation of the policy.

Here's how can set up the timesheet settings - 

Go to the Project (1) module and into the Policies & Settings (2) section where you'll see all the timesheet policies (3) defined currently. Under the settings tab click on the edit (4) icon to modify the settings.

This is how you can edit the timesheet settings.