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Default Displaying the current system time - 2nd Try

I've been trying to display the current "time out" in one cell if another
cell contains a "Y" for work finished. I used the IF function to tried and
set up conditions, but always receive errors. If a "Y" is entered the last
column of the sheet for that row, then I need the display the current system
time on that computer. If no "Y" is entered in the last column, I need the
cell to remain blank. I've looke don the Microsoft site for example and
tried the help function in Excell. No luck!

Currently I have this formula in cell I4: "=IF(L4="Y",HOUR(now),0)". With
no entry input in L4, I4 displays "12:00 AM". When I enter a "Y" in L4, it
displays #NAME?.

Does anyone have any suggestions for the proper formula?

 
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