A working time account in the skilled trades is a method of recording working time, in which the hours worked by employees are collected in an account. Employees can accumulate overtime, which can later be compensated by time off or additional pay. A working time account allows for flexible work scheduling and can help balance workloads within a company. The payroll period for the work time account can vary by company. Some use monthly statements, while others prefer quarterly statements or even annual statements.
