2Stone Arbor Landscaping When you installed Sage 50 Complete Accounting 2013, two sample companies were included with the software: Bellwether Garden Supply and Stone Arbor Landscaping. In Chapters 1-7, you worked with Bellwether Garden Supply. In this chapter, you focus on how the second sample company, Stone Arbor Landscaping, uses Sage 50’s time and billing feature.
3Time & BillingTime & Billing gives you a way to track expenses and time when working with customers. For example, there are daily services that you perform for customers like making copies, designing a proposal, and out-of-pocket expenses. These expenses can be tracked and documented using SCA’s time and billing feature. The purpose of SCA’s time and billing feature is to give you the tools to record customer-related work or expenses.
4Sage 50 TipsTo complete Chapter 8, use the sample company data for Stone Arbor Landscaping. Sage 50 includes two sample companies: Bellwether Garden Supply (Chapters 1-7), and Stone Arbor Landscaping (Chapter 8).
5Sage 50 TipsIf you are using the Student Version of SCA 2013 included with the textbook, a Sage 50 Accounting window appears that says “You can use this company in the student version of Sage 50 for the next 14 months and then it will expire. The company's expiration date can be found in the Company Information section of the System Navigation Center.” For more information about the expiration date, refer to page xvi, Expiration Date, Student Version, SCA 2013.
6Excel (.xlsx) and Adobe (.pdf) Backing Up Chapter 8Backup NameExcel (.xlsx) and Adobe (.pdf)KBPage No.Chapter 8.ptb1,865 KB243Chapter 8_Time Ticket Register.xlsx14 KBChapter 8_Time Ticket Register.pdf62 KB246Exercise 8-1.ptb1,880 KB248Exercise 8-2_Time and Billing Reports.xlsx33 KB249Exercise 8-2_Job Ledger.pdf89 KBExercise 8-2_Time Ticket Register.pdfExercise 8-2_Payroll Time Sheet.pdf60 KBCopyright (c)2014 by The McGraw-Hill Companyies, Inc. All rights reserved
8Time tickets, p. 230Time tickets are used to record time-based activities such as research or consultations. They record the activities of either an employee or a vendor. The two methods of entering time ticket information are weekly or daily. This Time Ticket is shown on page 238.
9Expense tickets, p. 230Expense tickets are used to track and aid in the recovery of customer-related expenses. These expenses are not based on time. Expenses can be based on the various charges related to the service being offered. For example, if you were an accountant, you might charge your client for copying fees or faxing fees.
10Time & Billing Ticket Types, p. 231 The chart below illustrates how time and billing works.Time & Billing Ticket TypesTicket TypeInventory Item ClassExamplesBilling Amount EqualsTime TicketActivity itemResearchConsultantsWriting ReportsBilling Rate TimesActivity DivisionsExpense TicketCharge ItemCopyingFaxingCourt FeesUnit Price of the Charge Item Times Quantity
11Activity items, p. 234A special inventory item class for time and billing. Activity items are used on time tickets.
12Charge items, p. 234Charge items are used on expense tickets.
13Online Learning Center Go online to for additional resources. Link to Student Edition, select Chapter 8.Interactive Testing Appendix A: TroubleshootingGlossary of Terms Appendix B: AISFeature Quizzes Appendix C: Review of AccountingNarrated PowerPoints Appendix D: GlossaryAssessment RubricsGoing to the NetQA Templates
14Going to the Net Access this website to compare Sage 50 products. Answer the following.List the Sage 50 products. Link to Help me Choose.What type of business is Option A designed for? Explain. Which software product is suggested?What type of business is Option B designed for? Explain. Is a software product suggested?
15Analysis QuestionWhat is the purpose of Sage 50’s time and billing feature? Briefly explain time and billing.
16Assessment Rubric Task Navigation Center and Menu Window Timesheet SalesInvoicePayroll