Available in Sage 50 Premium Accounting and higher.
How Is Time and Expense Recorded?
Sage 50 uses tickets to track time and expenses. Time, whether employee time or vendor time, is entered using Time Tickets. Expenses incurred while working on a project are entered using Expense Tickets.
Time Tickets
A time ticket records time spent performing activities, such as the following:
- talking on the phone or meeting with a client
- researching information for a project
- designing and writing proposals
- developing or completing tasks for a project
Sage 50 allows you to manually enter time or start and stop a timer that runs while you perform the activity. When you use the timer, Sage 50 calculates the duration for you. You can even account for breaks--such as lunches, telephone calls, or other interruptions--in the activity that should not be included in the total time.
There are two methods for entering time tickets. You can enter single daily time tickets in the Time Ticket window. Or, you can enter several time tickets at once using a weekly time sheet format. This is done in the Weekly Timesheet window.
Expense Tickets
An expense ticket records expenses incurred while working on a project, such as the following:
- copying, printing, or faxing document expenses
- travel and meal expenses
- expert advice
- court fees
For Whom or Why Is Time and Expense Being Recorded?
What Time or Expense is Being Recorded?
Which should I use: Time & Billing or reimbursable expenses?