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Chapter 8 Stone Arbor Landscaping: Time & Billing Chapter 8 Stone Arbor Landscaping: Time & Billing Copyright © 2014 by The McGraw-Hill Companies, Inc.

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Presentation on theme: "Chapter 8 Stone Arbor Landscaping: Time & Billing Chapter 8 Stone Arbor Landscaping: Time & Billing Copyright © 2014 by The McGraw-Hill Companies, Inc."— Presentation transcript:

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2 Chapter 8 Stone Arbor Landscaping: Time & Billing Chapter 8 Stone Arbor Landscaping: Time & Billing Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

3 2 of 16 Stone 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 50s time and billing feature.

4 3 of 16 Time & Billing Time & 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 SCAs time and billing feature. The purpose of SCAs time and billing feature is to give you the tools to record customer-related work or expenses.

5 4 of 16 Sage 50 Tips Sage 50 Tips To 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).

6 5 of 16 Sage 50 Tips Sage 50 Tips If 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.

7 Backing Up Chapter 8 Backup Name Excel (.xlsx) and Adobe (.pdf) KB Page No. Chapter 8.ptb 1,865 KB 243 Chapter 8_Time Ticket Register.xlsx 14 KB Chapter 8_Time Ticket Register.pdf 62 KB 246 Exercise 8-1.ptb 1,880 KB 248 Exercise 8-2_Time and Billing Reports.xlsx 33 KB 249 Exercise 8-2_Job Ledger.pdf 89 KB 249 Exercise 8-2_Time Ticket Register.pdf 62 KB 249 Exercise 8-2_Payroll Time Sheet.pdf 60 KB of 19

8 Glossary of Terms Chapter 8 7 of 16

9 8 of 16 Time tickets, p. 230 Time 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.

10 9 of 16 Expense tickets, p. 230 Expense 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.

11 10 of 16 Time & Billing Ticket Types, p. 231 The chart below illustrates how time and billing works. Time & Billing Ticket Types Ticket Type Inventory Item ClassExamples Billing Amount Equals Time TicketActivity itemResearch Consultants Writing Reports Billing Rate Times Activity Divisions Expense TicketCharge ItemCopying Faxing Court Fees Unit Price of the Charge Item Times Quantity

12 11 of 16 Activity items, p. 234 A special inventory item class for time and billing. Activity items are used on time tickets.

13 12 of 16 Charge items, p. 234 Charge items are used on expense tickets.

14 Online Learning Center Go online to for additional resources. Link to Student Edition, select Chapter 8. Go online to for additional resources. Link to Student Edition, select Chapter 8.http://www.mhhe.com/yacht2013 o Interactive TestingAppendix A: Troubleshooting o Glossary of TermsAppendix B: AIS o Feature QuizzesAppendix C: Review of Accounting o Narrated PowerPointsAppendix D: Glossary o Assessment Rubrics o Going to the Net o QA Templates 13 of 16

15 14 of 16 Going to the Net Access this website to compare Sage 50 products. Answer the following. 1. List the Sage 50 products. Link to Help me Choose. Help me ChooseHelp me Choose 2. What type of business is Option A designed for? Explain. Which software product is suggested? 3. What type of business is Option B designed for? Explain. Is a software product suggested?

16 Analysis Question What is the purpose of Sage 50s time and billing feature? Briefly explain time and billing. 15 of 16

17 Assessment Rubric Task Navigation Center and MenuWindow Timesheet Sales Invoice Payroll 16 of 16


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