User Guide

Time and Billing
Workbook 123
S
wc90wb.doc, printed on 1/3/02, at 11:14 AM. Last saved on 1/3/02 10:54 AM.
ACCPAC INTERNATIONAL, INC. Confidential
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If you change the amount of a flat fee item, the Billable Time
field does not change.
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If you change the amount of a flat fee item to zero, then the
Status automatically changes to In Progress.
Exercise 34: Keeping Track of Time and Billing
You can do this exercise only if you are using Simply
Accounting Pro.
The management at Data Processing Services has decided to
track how much time employees spend on the following four
activities, and to charge customers for the time spent:
1. Data entry services (a billable service charged at $100 per
hour).
2. Consultation sessions (a billable service charged at a flat fee
of $50).
3. Photocopy services (normally not charged, but may be
charged at $50 per hour).
4. Professional Development (never charged).
This exercise is in three parts. In part 1, you will prepare Simply
Accounting to accept time and billing information. In part 2, you
will use time slips to record the time spent on services. In part 3,
you will create an invoice that bills a customer for the time spent
on services.
Part 1: Preparing to Use Time and Billing
Before you can start tracking time, you must prepare your
records in Simply Accounting. In Part 1, you will prepare
account, inventory, and customer records.
Rename accounts
1. In the Home window, open the Accounts window (choose
the Accounts icon).
2. In the Accounts icon window, scroll to account 4310
Service A, and double-click it to open the account record.
3. In the Account description field, type Data Entry Revenue.