What is offsetting account in SAP SRD-HR-TM - Time Management?

SAP Term: offsetting account

• Component: SRD-HR-TM

• Component Name: Time Management

• Description: The target account type to which the balance of a time account should be posted at period-end processing.

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• Key Concepts: 
  An offsetting account is a type of account used in SAP Time Management to balance out the time entries of an employee. It is used to ensure that the total time entered for an employee is correct and that the employee’s time entries are not over or under-recorded. 
  
  How to use it: 
  In SAP Time Management, an offsetting account is used to balance out the time entries of an employee. When an employee enters their time, the system will automatically create an offsetting account for them. This account will be used to balance out any discrepancies between the total time entered and the actual time worked by the employee. 
  
  Tips & Tricks: 
  When setting up an offsetting account in SAP Time Management, it is important to ensure that the account is set up correctly. This will ensure that the total time entered for an employee is accurate and that any discrepancies between the total time entered and the actual time worked by the employee are balanced out. 
  
  Related Information: 
  For more information on setting up and using offsetting accounts in SAP Time Management, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available which provide detailed instructions on how to set up and use offsetting accounts in SAP Time Management.