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

SAP Term: working time account

• Component: SRD-HR-TM

• Component Name: Time Management

• Description: A category of time account that is used to collect the time credits or deficits that result when the actual hours worked deviate from the employee's daily planned working time hours or average hours. Time credits in the working time account can be compensated as time in lieu.

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• Key Concepts: 
  A working time account is a feature of SAP Time Management that allows employees to store and manage their working time. It is used to track the amount of time an employee has worked, as well as any overtime or vacation time they have accrued. The working time account also allows for the calculation of overtime pay and other benefits. 
  
  How to use it: 
  The working time account can be accessed through the SAP Time Management module. Once in the module, the employee can view their current balance of hours worked, overtime hours, and vacation hours. They can also enter new hours worked or adjust existing hours. The working time account can be used to calculate overtime pay and other benefits based on the employee’s current balance. 
  
  Tips & Tricks: 
  It is important to keep the working time account up-to-date in order to ensure accurate calculations of overtime pay and other benefits. Employees should also be aware of any company policies regarding overtime pay and vacation time, as these may affect their working time account balance. 
  
  Related Information: 
  For more information on SAP Time Management and the working time account, please refer to the SAP Help Portal or contact your local SAP representative.