Time Ticket or Report. In accounting for materials, the receiving report and invoice are evidence that the goods were received and payment is in order. In accounting for labor, the clock card is evidence that time has been purchased, and it is comparable to a receiving report. The time ticket shows the specific use of the time purchases, and it is comparable to a materials requisition. When an individual time ticket is used, a new ticket must be made out for each job worked on during the day. Because this may lead to many tickets per employee, some companies instead use a daily time report on which the worker lists jobs worked on during the day. Increasingly, remote computer terminals and bar coding are used to report time distributions by direct entry to the computer, thus eliminating the hard-copy time ticket or daily time report.
Time Ticket or Report. In accounting for materials, the receiving report and invoice are evidence that the goods were received and payment is in order. In accounting for labor, the clock card is evidence that time has been purchased, and it is comparable to a receiving report. The time ticket shows the specific use of the time purchases, and it is comparable to a materials requisition. When an individual time ticket is used, a new ticket must be made out for each job worked on during the day. Because this may lead to many tickets per employee, some companies instead use a daily time report on which the worker lists jobs worked on during the day. Increasingly, remote computer terminals and bar coding are used to report time distributions by direct entry to the computer, thus eliminating the hard-copy time ticket or daily time report.
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