Company Profile and Codes

How Do I?

Company Profile Setup

• Updated!Completing the Company Profile

• Updated!Defining Period Dates

  • Working in a random file
  • Working in a yearly file
• Changing the period date sequence
• Setting up the chart of accounts
• Deleting an account from the chart of accounts
• Setting up the automatic numbering system

Work Codes and Billing Codes

• Creating the work code classification list
• Updated!Adding a Work Code
• Setting up the Tax by Work Code feature
• Entering billing codes

Processing

• Processing invoices with automatic numbering
• Processing invoices with taxes by work code

Troubleshooting

• Troubleshooting identification codes

More Info >>

• About the Chart of Accounts

  The accounts in the chart of accounts inform Time where to post work in process and accounts receivable amounts. Whenever, you create a time entry, Time posts the equivalent amount to the work in process account.

• Time and Expense codes

  Time and expense codes are used to record work in process in the form of time or expense entries. They are also used to control individual rates for each staff member.

• New!Work Code Status

  The Work Code status field gives Time users a new way to manage their list of work codes.

• Billing Codes

  Billing codes are entered in the same manner as work codes and work code classifications but are used for completely different purposes. Billing codes are exactly that, codes that are used when billing clients.

Reference >>

• Updated!Company Profile properties and options

  The Company Profile setup dialog enables you to manage all your firm options from a single location. Click each tab in this dialog to specify details and options for company dates, taxes, people setup, projects, and other firm-related options.

  • Terminology
  • Address
  • Dates
  • Chart of Accounts
  • Receivables
  • Aging A/R
  • Aging WIP
  • Taxes
  • AFP
  • Client/Group
  • Project
  • Contact
  • Staff
  • Documents
  • Firm
  • Billing
  • Invoices
  • Statements
  • Credit Notes

• Updated!Work Code properties

  Work codes are used for time and expense entries.

• Automatic Invoice Numbering

  Time allows you to set up and customize your own automatic invoice numbering system for invoices created in either the Billings from WIP or Recurring invoices screens. Any good invoice numbering system, speeds up processing, and improves tracking.