It does not. Unless you run the engine on cruise power RPM exclusively during taxi, take-off, climb, descent, landing and taxiback. But if you start doing that, let me know and I'll come and watch.
Technically, what you put in your logbook is the time "when the aircraft first moves under its own power" to "when the aircraft comes to a final rest after landing". There is no accurate instrument which counts that time for you automatically, at least not in small aircraft. Hobbs time, as long as it is connected to the engine master (in a FADEC equipped aircraft) or the oil pressure sensor comes pretty close and is used a lot.
But if your hobbs meter is wired differently, or if you don't have a hobbs then what you need is to write down your off-blocks and on-blocks time based on a clock (or your own watch) and calculate your logbook time from that.