That's actually great advice, but perhaps I should have explained myself better. I decided to make my original post short and sweet because when I posted question that were long and drawn out with lots of information nobody responded to them. lol.
But in any case, the reason I want to record a timecode to the audio is because I film live music concerts and use multiple camera. I am going to use an M-Audio Fast Track Ultra 8R to record each channel individually (vocals, drums, guitars, bass, etc.) to my laptop and I want to be able to easily sync the audio to the video which is going to be recorded with timecode. If both cameras and the audio record start at the same time or have the right adjusted or user set timecode, I'll be able to swap between all the camera angles I have when making a final edit and sync the audio up perfectly in post. It will save me A LOT of time and effort in post.