Available in Sage 50 Premium Accounting and higher.
Who Records Time and Expense?
Time and expenses are recorded by either employees or vendors set up in Sage 50.
Employees
Employees (hourly or salaried) record most time and expenses. Sage 50 can help an individual track time spent for services performed for a customer, for a job, or for administrative purposes. An employee can also record out-of-pocket expenses that may be reimbursable by the business. For more information, see Payroll and Time & Billing.
Vendors (Contract Labor)
Most businesses traditionally do not track time or expenses for vendors. However, if you contract people or other businesses to do additional work for your company, you may want to record their expenses or hours worked for reporting purposes. Advantages to using vendors in Time & Billing include:
- Listing all vendor-timed activities and charged expenses in reports for management and profitability purposes.
- Comparing recorded time and expense amounts with purchase invoices.
Related topics
For Whom or Why Is Time and Expense Being Recorded?
How Is Time and Expense Recorded?
What Time or Expense is Being Recorded?
Which should I use: Time & Billing or reimbursable expenses?