Time Keeping:

time keeping is concerned with the attendance and wage

calculation of employees whereas Time Booking is the

reporting of each worker’s time for each job and department

for cost analysis and dividing LABOUR cost into various

jobs and departments. The main functions of time keeping

department are as follows:

1. To maintain discipline, regularly and punctuality

in the factory.

2. Meeting the statutory requirements.

3. PREPARATION of pay ROLLS where workers are paid on

time BASIS.

4. To record the arrival and departure time of

labourers for making distinction between normal time,

overtime, delay in attendance and early leaving.

5. For overhead rates, if based on labour hours.

Time Booking:

Time booking means recording the rime

actually spend by a worker on various jobs done by him in

the factory.

Purpose of Time Booking: Time booking is necessary for:

1. Ascertaining labour cost of every job.

2. Providing time basis for apportionment for overhead

expenses

3. Having control over wastage of time – idle time

i.e., the difference between time keeping and time booking.