Time accounting rules are defined guidelines and parameters in personnel management for the recording, calculation, and billing of working hours. These rules are typically configured in software and automate the processes of time tracking and billing according to company policies and legal requirements.
Typical Functions of Software in the Field of "Time accounting rules":
Time Tracking: Automated tracking of working hours based on defined rules such as types of work hours, break times, and overtime.
Rule-based Calculation: Calculation of work hours considering overtime, holidays, sick leaves, and other billable times.
Flexibility in Work Models: Support for various work models such as full-time, part-time, shift work, or flexible hours.
Compliance: Compliance with legal requirements and company policies in time tracking and billing.
Automatic Billing: Automatic generation of invoices and salary payments based on recorded work hours and defined billing rules.
Custom Rules: Configuration of custom rules for specific company needs such as overtime premiums, night work, or special payments.
Integration with HR Systems: Integration with other HR systems such as personnel management, payroll, and time management for seamless data transfer.
Audit and Reporting: Generation of reports on work hours, billing, and compliance for internal audits and legal requirements.
Self-Service Features: Employee self-service features to review their recorded work hours, vacation entitlements, and salary payments.
Alerts and Notifications: Automatic alerts and notifications for irregular times or missing billing to ensure timely correction.