Guides

Record billable time

Billable Time records work for a customer who will be invoiced on an hourly basis at a defined rate. It is suitable for a wide range of business applications, such as:

  • Consultants who bill by the hour rather than the project
  • Lawyers who charge different rates for research than for courtroom time
  • Repair technicians billing for time and materials

Billable Time is not a time clock. It does not record start or stop times of tasks. It cannot be used to monitor employee attendance or directly support payslip generation.

Enable the Billable Time tab

Enable the Billable Time tab by clicking Customize below the left navigation pane, ticking the Billable Time box, and clicking Update below the list:

Enter billable time

Now, you can make a basic entry of billable time. Select the Billable Time tab and click New Billable Time:

Complete the entry:

  • Date will be profiled with today’s date.
  • A Customer must be selected from the dropdown list of predefined customers. If you do not select a customer, you will not be able to invoice the billable time.
  • Description allows you to record the nature of work performed during the billable time.
  • Enter Hourly rate in your base currency.
  • Record Time spent in hours and minutes.

Click Create when finished.

Changes to your chart of accounts

When you create your first Billable Time entry, Manager will automatically add three new accounts to your chart of accounts:

These accounts can be renamed under Settings Chart of Accounts, but cannot be deleted while the tab is in use. You can assign them to Groups of your choosing and give them numerical Codes to control their positions on your Balance Sheet or Profit and Loss Statement.

Edit billable time

Edit the completed entry in the Billable Time tab:

Since the billable time entry has already been created, another field appears on the form:

20 PM

However, this field is not used for normal invoicing. Invoicing of billable time is described in another Guide. Remember to click Update to save any changes.

Support
Subscribe to Updates

Subscribe to our newsletter and get exclusive product updates you won't find anywhere else straight to your inbox.

Manager is rated 5 out of 5 by 33 reviewers
© 2018 - Based in Sydney, Australia but providing goodness globally