Every so often, I run into a server with Windows Time (W32tm) issues, such as Event 29, 38 or 47. Microsoft article KB 875424 addresses these issues, and it’s resolution. Here are the specific steps I use (with thanks to my fellow SBS MVP’s who provided the information):

View currently configured W32TM NTP server(s ):

net time /querysntp

Configure W32TM:

w32tm /config /manualpeerlist:”0.pool.ntp.org 1.pool.ntp.org 2.pool.ntp.org”,0x8
w32tm /config /update
net stop w32time
net start w32time
w32tm /resync /nowait

If you wish, create a batch file with the above five commands and you should be good to go!