Time Recording

Recording of time has two purposes – time-keeping and time-booking. It is necessary for both types of workers: direct and indirect. It is necessary even if the workers are paid on piece basis. Time keeping is necessary for the purpose of recording attendance and for calculating wages. Time booking means a record from the utilization point of view; the purpose is cost analysis and cost apportionment. Record keeping is correct when time-keeping and time-booking tally.