Difference between Python datetime vs time modules

If you are interested in timezones, you should consider the use of pytz.

The time module is principally for working with Unix time stamps; expressed as a floating point number taken to be seconds since the Unix epoch. the datetime module can support many of the same operations, but provides a more object oriented set of types, and also has some limited support for time zones.

Stick to time to prevent DST ambiguity.

Use exclusively the system time module instead of the datetime module to prevent ambiguity issues with daylight savings time (DST).

Conversion to any time format, including local time, is pretty easy:

import time
t = time.time()

time.strftime('%Y-%m-%d %H:%M %Z', time.localtime(t))
'2019-05-27 12:03 CEST'

time.strftime('%Y-%m-%d %H:%M %Z', time.gmtime(t))
'2019-05-27 10:03 GMT'

time.time() is a floating point number representing the time in seconds since the system epoch. time.time() is ideal for unambiguous time stamping.

If the system additionally runs the network time protocol (NTP) dæmon, one ends up with a pretty solid time base.

Here is the documentation of the time module.

The time module can be used when you just need the time of a particular record - like lets say you have a seperate table/file for the transactions for each day, then you would just need the time. However the time datatype is usually used to store the time difference between 2 points of time.

This can also be done using datetime, but if we are only dealing with time for a particular day, then time module can be used.

Datetime is used to store a particular data and time for a record. Like in a rental agency. The due date would be a datetime datatype.