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Time keeping . understand methods of time keeping and time booking. 3 года назад


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Time keeping . understand methods of time keeping and time booking.

In this video I will discuss Time keeping methods objectives the various objectives of timekeeping or the purpose of timekeeping are to provide data for : • payroll preparation • calculating overtime • attendance record to meet statutory requirements • finding productivity and controlling cost • the calculating overhead cost of a job product or service • to maintain discipline in attendance • provide internet check against dummy workers for • overhead distribution for ascertaining the idle time • distinguish between normal and overtime late and early leaving. Methods of timekeeping So there are two methods of timekeeping: • manual methods and other is • mechanical methods The choice of the method depends upon the requirements of a product of an organization. However, this method shows that the record of time is maintained and reduces fraud. 1) Manual method Attendance register method so attendance register is kept at the entrance of the office where the employees have to record their names and time in and out so that it records their attendance. the time of arrival and departure to be noted by an employee known as timekeeper. This method is simple and inexpensive but it is suitable only for the small industries and not for the large where the number of employees is huge. but the disadvantage that this may lead to the dishonest practice of recording because of collusion among the employees or workers. however, it is suitable only for the workers who work at the customer premises and the places that are suitable at a distance from the factory. Disc method under this method, the employer is located at a metal disc or a token with the hole bearing his identification number. as the workers enter into the factory gate they remove their disk or token and place them in the box. Immediately after the time for entering the factory the box is removed and the latecomers will have to give their token to A timekeeper personally so that they can record the time it. 2) mechanical method Dial time record is a machine that has a dial around the clock. This dial has a number of holes, usually, about 150 and each bears a number to the identification. The number of a worker as they enter the factory Gate, he presses the hole office number and this time he will be automatically recorded on a roll of a paper inside the dial time record against the number on the sheet on which the time is recorded. It provides a running account of the workers’ time. advantages • it allows greater accuracy this machine • It can also calculate the wages of the workers so that it avoids time. disadvantages • it has high-cost installation and • It is used for only a limited number of workers. Biometric sensor Based on this technology different recognition systems have been based on the physical traits of an individual. recognizing an individual on the basis of physical training includes identification based on fingerprint, DNA, eyes, voice. based on this technology different recognition systems have been depending on the different traits. Fingerprint recognition system as a different fingerprint for every person so it is very secure and reliable in attendance. Face recognition is based on verification of a face by Digital Image of the video frame and it is mainly used for the security system. Time and attendance tracking Technology time and it helps the companies to keep track of the attendance and working hours of an employee in order for them to make payment. This technology has replaced all the paper sheets and other manual systems. Why is it important or necessary to have a good timekeeping system? • It should not allow proxy of another worker • It should be there to maintain uniformity • it has to record attendance regularly and discipline has to be maintained • The time of arrival and departure has to be recorded so that the wages are calculated accordingly. • the latecomers should be recorded as a late arrivals • To avoid crying at the factory Gate the system should be simple and smooth • the responsible officer should pay frequent visits to the factory gate. Please watch my videos on following links and subscribe my channel    • What is petty cash book? What is Impr...      • How to prepare for any interview? Wha...      • Topic-3 Basic Accounting Conventions.      • What is TRIPLE Column cash book? Part...      • What is Cash Book? What is Double Col...      • Top Careers in Commerce. Myths Busted...      • How to pass journal entries in GST      • GST Easy Explanation (Hindi) Learn Ba...      • Topic-4 What are the rules of debit a...   Connect on face book   / anita.soni.75054   Connect on Instagram   / anitasoni58  .

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