What is summarized time account in SAP PY-RU - Russia?

SAP Term: summarized time account

• Component: PY-RU

• Component Name: Russia

• Description: A way to record an employee’s working time in a given period of time. In , some companies require their hourly wage earners to work a certain number of hours in a given period, for example, a week or month.The number of hours that employees work per day can, however, vary based on the requirements of the employer. &Example& According to a standard employment contract, employees must work 40 hours spread over a five-day working week. To meet production demand in a company, an employer requires its to work 10 hours per day for the first three days and only 5 hours per day for the remaining two days.

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• Key Concepts: 
  Summarized time accounts are a feature of the SAP PY-RU Russia component that allows for the aggregation of multiple time accounts into one. This allows for easier tracking and management of employee time, as well as the ability to quickly view the total amount of time an employee has worked. 
  
  How to Use It: 
  To use summarized time accounts, first create a new summarized time account in the SAP system. Then, assign individual time accounts to the summarized account. This will allow you to view the total amount of time an employee has worked in a single view. You can also use the summarized account to track and manage employee time more efficiently. 
  
  Tips & Tricks: 
  When creating a summarized time account, it is important to ensure that all individual time accounts assigned to it are up-to-date and accurate. This will ensure that the total amount of time an employee has worked is accurately reflected in the summarized account. Additionally, it is important to regularly review and update the summarized account to ensure accuracy. 
  
  Related Information: 
  For more information on summarized time accounts in SAP PY-RU Russia, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use and manage summarized time accounts in SAP PY-RU Russia.