What is annual working time account in SAP PT - Personnel Time Management?

SAP Term: annual working time account

• Component: PT

• Component Name: Personnel Time Management

• Description: The balance resulting from comparing planned time and actual time of employees at the end of the annual payroll year.

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• Key Concepts: 
  Annual working time accounts are a feature of SAP Personnel Time Management (PT) that allow employees to store and manage their working time. This includes tracking the number of hours worked, vacation days taken, and other types of leave. The annual working time account also allows employers to set limits on the amount of time an employee can work in a given year. 
  
  How to use it: 
  Employees can use the annual working time account to track their hours worked and other types of leave. They can also view their current balance and set limits on the amount of time they can work in a given year. Employers can use the annual working time account to monitor employee hours and ensure compliance with labor laws and regulations. 
  
  Tips & Tricks: 
  It is important to keep track of your annual working time account balance so that you do not exceed the limits set by your employer. It is also important to be aware of any changes in labor laws or regulations that may affect your annual working time account balance. 
  
  Related Information: 
  For more information about SAP Personnel Time Management, please visit the SAP website at https://www.sap.com/products/personnel-time-management.html. You can also find additional resources on the SAP Community Network at https://community.sap.com/topics/personnel-time-management.