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Lesson X—Time & Billing
The Time & Billing Process
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The Time & Billing Process
Time & Billing can track time spent on various activities and record internal
use of company resources on behalf of customers or jobs. If you choose,
recorded time and expenses can later be billed to customers on sales invoices.
If you use payroll, timed activities can be applied to an employee’s paycheck.
Time & Billing can also be used to effectively manage administrative activities
and overhead expenses for your business.
use of company resources on behalf of customers or jobs. If you choose,
recorded time and expenses can later be billed to customers on sales invoices.
If you use payroll, timed activities can be applied to an employee’s paycheck.
Time & Billing can also be used to effectively manage administrative activities
and overhead expenses for your business.
This lesson demonstrates a typical Time & Billing process. It summarizes all
the procedures and areas of Time & Billing used in Peachtree Accounting.
the procedures and areas of Time & Billing used in Peachtree Accounting.
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Recording daily time tickets
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Using a weekly time sheet
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Recording billable and non-billable expense tickets
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Entering reimbursable expenses for a job
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Paying employees based on time-ticket hours (payroll)
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Reimbursing employees for out-of-pocket expenses
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Billing customers for the work completed (time spent, expenses
incurred, and charges that need to be recovered).
incurred, and charges that need to be recovered).
Understanding the Scenario
Cherokee Community Theater, a customer of ours, has asked us to design and
print an upcoming membership campaign packet to be mailed to potential
subscribers. The membership packet includes the following:
print an upcoming membership campaign packet to be mailed to potential
subscribers. The membership packet includes the following:
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a color brochure describing upcoming performances
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a cover letter from the theater president
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a new subscription form