This video describe How to Configure NTP Client Server on Mikrotik. None of the RouterBoards have a battery backed up clock so it is good practice to setup the NTP client on all boards to be able to set proper time after boot. There are many public NTP servers on the Internet but it's always good to have some centralized control of a time source and in addition lower the load of public servers with the aid of local cached NTP servers.
Since v6.14 'mode' variable is now read-only and not therefore configurable. It is set to 'unicast' if one or two server IP addresses are specified, otherwise it is set to 'broadcast'.
Since v6.16 the current time is saved in the system configuration on reboot and on clock adjustment and is used to set the initial time after reboot.
Benefits:
Router doesn't need direct access to internet and public NTP servers
Allow control of a primary source of clock for your router on only two main routers (primary and secondary)
It can reduce traffic and the load of some public NTP servers by local time caching
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