How to have time card approval based on Total accummulated overtime hours in that year

Summary:

The time card for our customer is Monthly time card. When employee enters the overtime hours for that month, the system should check the total overtime hours that have been entered in that year. If the total overtime hours entered in that year is more than the yearly cap, it should go for approval.

Do we have any delivered attribute that stores the total overtime hours entered in that year?

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