Timecode generator is broken and buggy
Fix the timecode generator
René Caron commented
This bug has once again reappeared in Premiere v13. It makes this release totaly useless for us. Ex.: a 24fps timecode effect generator @ 10:00:00:00 in a 24fps timeline will display 09:59:22:00 and double or skip frames from time to time. So frustrating and unacceptable!
Agreed, seems to be an ongoing issue through the years.
This is not an issue of interpreting the TC of imported footage; I can add an Adjustment layer/Transparent video to an empty timeline, add the TC generator to it, and the burn-in will not correspond with the TC displayed in the timeline panel. In my case it's exclusive to a 30fps sequence/30fps TC generator.
Current workaround is to swap everything to 29.97-- and presto the TC generator will correspond properly to the sequence TC.