Time & Billing - McGraw Hill Higher Education

Chapter 8
Stone Arbor Landscaping:
Time & Billing
McGraw-Hill/Irwin
Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.
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 50’s time and billing
feature.
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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 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.
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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).
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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.
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Backing Up Chapter 8
Backup Name
Excel (.xlsx) and Adobe (.pdf)
Chapter 8.ptb
KB
Page No.
1,865 KB
243
Chapter 8_Time Ticket Register.xlsx
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244-246
Chapter 8_Time Ticket Register.pdf
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246
1,880 KB
248
Exercise 8-2_Time and Billing Reports.xlsx
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249
Exercise 8-2_Job Ledger.pdf
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249
Exercise 8-2_Time Ticket Register.pdf
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249
Exercise 8-2_Payroll Time Sheet.pdf
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249
Exercise 8-1.ptb
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Glossary of Terms
Chapter 8
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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.
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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.
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Time & Billing Ticket Types, p. 231
The chart below illustrates how time and billing
works.
Time & Billing Ticket Types
Ticket Type
Inventory Item
Class
Examples
Billing Amount
Equals
Time Ticket
Activity item
Research
Consultants
Writing Reports
Billing Rate Times
Activity Divisions
Expense Ticket
Charge Item
Copying
Faxing
Court Fees
Unit Price of the
Charge Item
Times Quantity
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Activity items, p. 234
A special inventory item class for time and
billing. Activity items are used on time
tickets.
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Charge items, p. 234
Charge items are used on expense
tickets.
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Online Learning Center
 Go online to http://www.mhhe.com/yacht2013 for
additional resources. Link to Student Edition, select
Chapter 8.
o Interactive Testing
o Glossary of Terms
o Feature Quizzes
o Narrated PowerPoints
Appendix A: Troubleshooting
Appendix B: AIS
Appendix C: Review of Accounting
Appendix D: Glossary
o Assessment Rubrics
o Going to the Net
o QA Templates
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Going to the Net
Access this website to compare Sage 50 products.
http://na.sage.com/sage-50-accounting-us/products/compare.
Answer the following.
1.List the Sage 50 products. Link to Help 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?
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Analysis Question
What is the purpose of Sage 50’s time and
billing feature? Briefly explain time and
billing.
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Assessment Rubric
Task
Navigation Center
and Menu
Window
Timesheet
Sales
Invoice
Payroll
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