Work Ticket

AAA

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.

INVESTOPEDIA EXPLAINS '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. Big Ticket Item

    Big ticket items are high-value items, such as houses and cars, ...
  2. Credit Ticket

    In accounting and bookkeeping, a credit ticket is a transaction ...
  3. Deal Ticket

    A ticket that records all the terms, conditions and basic information ...
  4. Average Ticket

    1. For credit card vendors, a business's average ticket refers ...
  5. Civil Rights Act of 1964

    Landmark federal legislation that prohibits discrimination on ...
  6. Pre-Disability Earnings

    The amount of qualifying income that a disability insurance policyholder ...
Related Articles
  1. Insurance

    Credit Card Perks You Never Knew You Had

    From car insurance to concert tickets, be sure to take advantage of whatever your card has to offer.
  2. Personal Finance

    Shoulder Season: Your Ticket To The Perfect Vacation

    Traveling during the sweet spot between high season and off season can save you money and stress.
  3. Options & Futures

    Your Car: Fixer-Upper Or Scrap Metal?

    Sometimes buying a new car can be cheaper than shelling out for repairs.
  4. Investing Basics

    Enterprise Resource Planning System: A How To

    An ERP system won’t transform poor management into good management, but the real-time business analytics can help make good management even better.
  5. Investing Basics

    How To Calculate Goodwill

    Goodwill is an intangible, but it is still possible to effectively calculate or estimate goodwill for a company.
  6. How does Outsourcing Work?
    Economics

    How does Outsourcing Work?

    Outsourcing is the business practice of hiring people outside a company to perform services that traditionally were performed within the company, by the business’s own employees. Companies typically ...
  7. Investing Basics

    Using Appreciative Inquiry To Solve Management Problems

    In its purest form, appreciative inquiry is a powerful tool for shifting the focus of an organization to something much greater than its bottom line - although the eventual outcome will often ...
  8. Investing Basics

    The Basics Of Value Chain Analysis

    Value chain analysis establishes an action plan to understand and implement actvities that create values to a firm's clients, resulting in firm profits.
  9. The job market has recovered enough, and people who had to scuffle to find a job can now start thinking about their next career move.
    Professionals

    10 Steps On The Career Ladder

    The job market has recovered enough, and people who had to scuffle to find a job can now start thinking about their next career move.
  10. Investing Basics

    Top Tools for ERP Enterprise Resource Planning

    Top tools used in Enterprise Resource Planning with its characteristics - Explaining the main tools companies use when using Enterprise Resource Planning appraoch

You May Also Like

Hot Definitions
  1. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  2. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  3. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  4. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  5. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  6. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
Trading Center