Available in Sage 50 Premium Accounting and higher.
Which Should I Use: Time & Billing or Reimbursable Expenses?
Time and expense tickets are records that do not directly affect the general ledger. Reimbursable expenses are payroll, accounts payable, and general journal transactions associated with jobs. For example, if you enter a purchase or pay an employee and associate it with a customer's job, you can directly apply these transactions to the sales invoice, countering the expense or cost of sale. When you apply time and expense tickets, only revenue is recorded. The expense is assumed to already be recorded. (For example, the expense is recorded in accounts payable but not associated with a job.)
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If you are... |
Use... |
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Recording billable employee or vendor activities that can be applied to sales invoices |
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Recording billable employee or vendor expense items that could be billed to a customer to record revenue |
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Record billable purchase, payroll, or general journal transactions that are for a specific customer or job that can later be applied to a sales invoice |
For Whom or Why Is Time and Expense Being Recorded?