Question

Different between time keeping&time booking

Answer 1

Time-keeping will serve the following purposes:

1. Preparation of Pay Rolls in case of time-paid workers.

2. Meeting the statutory requirements.

3. Ensuring discipline in attendance.

4. Recording of each worker’s time ‘in’ and ‘out’ of the factory making distinction between normal time, overtime, late attendance and early leaving.

5. for overhead distribution when overheads are absorbed on the basis of labour hours.

Time Recording for Piece Workers:

Recording of time in case of piece workers is necessary due to the following reasons:

1. Workers should come and leave the factory in time, as there cannot be a uniform flow of production if workers come late or leave early. Time cards should be maintained for piece workers to ensure discipline otherwise workers who are paid by time are likely to be dissatisfied.

2. Time cards are to be maintained for piece workers if they are guaranteed a minimum payment for the time spent by them irrespective of their output.

3. Time recoding is essential if apportionment of overheads is made on the basis of labour hours.

4. Time recording is essential because it facilitates the calculation of overtime wages, dearness allowance leave with pay and production bonus.


5. Time recording facilitates the fixation of differential piece rates.

6. Time recording is necessary when statistical records of time may be required for research or complying with legal requirements.