Total time accounting (TTA) ensures government contracts are accurately charged. Kronos Workforce AutoTime™ helps satisfy TTA accounting requirements.
Total time accounting prevents the government and manufacturers from being overcharged and protects manufacturers from fines, judgments against them, and criminal charges, as well as losing government contracts because of a failed Defense Contract Audit Agency (DCAA) audit. Manufacturers also can use TTA to balance payroll with contract work.
To help organizations meet total time accounting obligations, Kronos Workforce AutoTime:
Download this informative piece to see scenarios that illustrate how Kronos Workforce AutoTime calculates employee time for direct labor and indirect labor according to total time accounting rules to adjust the effective rates.