DEFINITION of 'Work Ticket'

A form that shows the time spent by an employee working on a particular job. It is used as a basis for billing the costs of direct labor to customers, and may also be used for calculating wages of employees who are paid by the hour.


Also known as time card.

BREAKING DOWN 'Work Ticket'

For example, a person who has given his car to an automobile shop for several repairs will receive a bill that shows the amount of time spent by different mechanics on various parts of the car, as well as their billing rates. The time spent by each mechanic on the car is derived from the work ticket.

RELATED TERMS
  1. Exempt Employee

    The term “Exempt Employee” refers to a category of employees ...
  2. Taxable Wage Base

    Also known as the Social Security Wage Base, this base is the ...
  3. Payroll Card

    A prepaid card onto which an employer loads an employee’s wages ...
  4. Billing Statement

    A periodic report that credit card companies issue to credit ...
  5. Wage Expense

    In financial accounting, wage expense represents payments made ...
  6. Billing Cycle

    The interval of time during which bills are prepared for goods ...
Related Articles
  1. Personal Finance

    Your Car: Fixer-Upper Or Scrap Metal?

    Sometimes buying a new car can be cheaper than shelling out for repairs.
  2. Insights

    Wal-Mart's Wage Increase Has Potential Drawbacks for Workers (WMT)

    Wal-Mart workers were overjoyed to hear that they would receive $10 an hour. However, there are significant non-financial drawbacks to this raise.
  3. Personal Finance

    7 Mistakes to Avoid When Buying a Used Car

    Understand the benefits of buying a used car. Learn about seven mistakes to avoid before making a used car purchase.
  4. Small Business

    Are We Becoming 24-Hour Workers?

    Many employees are working more than 40 hours a week, and even when they’re not physically at work, they’re still mentally and digitally connected.
  5. Retirement

    Is It Worth Buying a New Car If You're Already Retired?

    You have to consider more than just the purchase price: Insurance, the warranty, resale value and how much you plan to drive are all important factors.
  6. Managing Wealth

    5 Low-Cost Perks for Small Business Employees

    Money isn’t the only way to motivate employees. Here are some savvy strategies even the smallest business can use.
  7. Personal Finance

    Automating Your Bill Payments

    Automation can be a painless (and free) way to remove the stress of bill scheduling from your life - if you do it right.
  8. Trading

    Why Wages Stick When The Economy Shifts

    Even economists can't agree on the impact (or even existence) of wage stickiness. So, how does it affect you?
  9. Personal Finance

    8 Steps To An Organized Financial Life

    Disorganization makes planning difficult, and that can cost you big time.
  10. Personal Finance

    Can Corporate Credit Cards Affect Your Credit?

    Corporate cards have a hidden downside. If the company fails to pay its bills, you could be liable for the amount and end up with a damaged credit rating.
RELATED FAQS
  1. What does a merger or acquisition mean for the target company's employees?

    Learn about the likely impacts of a mergers & acquisition deal on the target company's employees, their benefits and adjusting ... Read Answer >>
  2. How is productivity calculated?

    Learn about productivity, what productivity measures and how to compute a company's productivity level by measuring its outputs ... Read Answer >>
  3. Who uses bills of exchange?

    Find out who uses bills of exchange, why they are important in international trade and what happens when a bill is traded ... Read Answer >>
  4. Can LLCs have employees?

    Discover how limited liability corporations (LLC) can have an unlimited number of employees and the legal steps required ... Read Answer >>
Hot Definitions
  1. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  2. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  3. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  4. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  5. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  6. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
Trading Center