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

SAP Term: time account

• Component: SRD-HR-TM

• Component Name: Time Management

• Description: An account used to collect and track the working times of employees. Time accounts are used, for example, to control remaining vacation or paid time off entitlement, and to calculate the number of productive hours, overtime hours, and absences paid/unpaid/overall that an employee has had in a given time period.

Smart SAP Assistant

• Key Concepts: 
  Time accounts are a feature of SAP’s Time Management component that allow employees to store and manage their time off. They are used to track the amount of time an employee has taken off, such as vacation days, sick days, or other types of leave. The time account also stores the amount of time an employee has available for future use. 
  
  How to Use It: 
  Time accounts can be used to manage employee time off in SAP. Employees can view their current balance and request additional time off if needed. Managers can also view and approve requests for additional time off. The system will automatically deduct the requested amount from the employee’s time account balance. 
  
  Tips & Tricks: 
  It is important to keep track of employee time accounts in order to ensure that employees are not taking too much time off. It is also important to ensure that employees are not taking more time off than they have available in their account. 
  
  Related Information: 
  For more information on SAP’s Time Management component, please visit the SAP Help Portal at https://help.sap.com/viewer/product/SRD-HR-TM/latest/en-US.