Time booking and time keeping

DIFFERENCES BETWEEN TIME KEEPING AND TIME BOOKING

1. welcome Dr.PRADEEP KUMAR K.S Assistant Professor Dept.of Commerce KSMDBC College Sasthamcotta

2. Time Keeping It refers to the recording of time of workers arrival and departure from the factory for the purpose of attendance and preparation of wage sheet s. It enables the management to fix the wages of workers who are paid on time basis to determine the normal time of work to check the late attendance to comply statutory requirements and to apportion of overhead costs.

3. Methods of Time Keeping Time recorded by the time-keeper Signing in attendance register Token or Disc method Card time recorder Dial time recorder Punching System

4. Time Booking It refers to the recording of actual time spend by a worker in various jobs , process or operations carried out by him. It is the job wise analysis of time of direct workers. It is the difference between the finishing time and starting time is considered as the time spend on that job.

5. Methods of Time Booking Daily time sheet Weekly time sheet Job card or Job ticket Time cum Job card

6. Difference Between Time Booking and Time Keeping Points of Differences Time Keeping Time Booking Meaning It is meant to record the time of arrival and departure of a worker in the factory It is for recording the time actually spent by a worker on a job or operation Statutrory It is done to comply with statutory requirements There is no legal compulsion for time booking

7. Difference Between Time Booking and Time Keeping Points of Differences Time Keeping Time Booking Effect It is to ensure regular attendance of workers in the organization. It is to ensure effective utilization of labour time. Computation It helps to compute the total wages payable to the workers. It helps to compute the labour cost of each job or operation

8. Difference Between Time Booking and Time Keeping Points of Differences Time Keeping Time Booking Unit of Record It is recoded worker wise It is recorded job wise Responsibility It is the responsibility of the personnel department It is the responsibility of the production department

9. Difference Between Time Booking and Time Keeping Points of Differences Time Keeping Time Booking Where done It is done at gate It is done in production centres Done by It is recorded by the time keeper It is recorded by foreman or supervisor

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