Employers who fall under the Fair Labor Standards Act (FLSA) are required to maintain certain records regarding the hours worked and wages earned by their employees. Failure to comply with these FLSA recordkeeping requirements could lead to penalties for employers.
For the most part, you may already keep these records as part of your ordinary business practice. These records may be enough to fulfill FLSA recordkeeping requirements, as the government does not mandate a specific form for the records.
The only requirement besides maintaining the information is that the records be accurate, according to the Department of Labor.