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

SAP Term: time account balances

• Component: SRD-HR-TM

• Component Name: Time Management

• Description: The positive or negative number of days or hours accumulated in a time account. The balance is the result of accruals, entitlements, and absences that increase or decrease it. Depending on the account type category - quota, statistical, or working time account - the balance can also be changed by productive times, manual adjustments or payouts. The balance of a working time account is determined by the daily comparison of actual recorded times with the planned or average times. The balance of a quota account is determined by accruals, entitlements, and absences, such as vacation.

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• Key Concepts: 
  Time account balances are a feature of SAP’s Time Management component. They are used to track the amount of time an employee has available for taking leave or other absences. The balance is calculated based on the employee’s working hours, overtime, and any other absences taken. 
  
  How to use it: 
  Time account balances can be used to manage employee absences. The balance is updated automatically when an employee takes leave or other absences, and can be viewed in the SAP system. The balance can also be adjusted manually if needed. 
  
  Tips & Tricks: 
  It is important to keep track of time account balances in order to ensure that employees are not taking too much leave or other absences. It is also important to ensure that the balance is updated accurately and regularly. 
  
  Related Information: 
  Time account balances are closely related to SAP’s Leave Management component, which is used to manage employee leave requests and approvals. It is also related to SAP’s Overtime Management component, which is used to manage employee overtime requests and approvals.