QuickBooks makes it easy to track employees’ hours across different products, services and customers to generate accurate bills. You can use these time-tracking functions to compensate employees correctly while monitoring the organization’s overall productivity. Show
Apart from the built-in time-tracking tools Quickbooks supplies, third-party tracking apps integrate seamlessly with QuickBooks for more sophisticated timesheets, time tracking and billable functionality. Editor’s note: Looking for the right accounting software for your business? Fill out the below questionnaire to have our vendor partners contact you about your needs. Here’s a look at the various ways to track billable hours with QuickBooks, no matter which version of QuickBooks you use. What is time tracking in QuickBooks?Like many of the best accounting software packages, QuickBooks provides a simple way to set up employee timesheets and track working hours to make sure you’re paying your team properly. With this functionality, you always have access to the most accurate details about your business’s efficiency and productivity. Time tracking gives you reliable information, including the employee’s start time and a project’s details and scope. With QuickBooks, employees can log the time they’ve spent on a task from anywhere with internet access. You’re able to provide entry-only access, so they see only the information they need. You can also select clients for billable tasks and add users as needed. Here are some highlights of QuickBooks’s time-tracking features:
How to track billable hours in QuickBooks Pro on desktopHere’s what you need to know about tracking billable hours using the desktop version of QuickBooks, which is called QuickBooks Pro. To create records for billable time and track hours spent, you’ll first need to enable this function. Here’s how to set up QuickBooks Pro to track time:
How to enter billable hours in QuickBooks Pro on desktopAfter you’ve enabled time tracking, you’ll be able to enter billable hours in several ways. Use timesheets, invoicing, and time reports to get started with this process. Logging timesheetsWith QuickBooks timesheets, it’s easy to log details such as the week, time, and customer. Then, view billable hours whenever you want to bill clients. Here’s how it works:
Repeat the same procedure for other employees, if needed. Once you’re finished, you’ll see the billable hours whenever you run payroll or bill customers. Viewing invoices and reportsWith QuickBooks Pro, you can view time data you entered in the form of reports. These accounting reports are helpful for managers and act as a key data source to support decisions. Here’s how it works:
Billing for expensesAlternatively, you can use QuickBooks to make invoices and bill for expenses. Here’s how that works:
How to enter billable hours in QuickBooks OnlineIf you use QuickBooks Online for accounting, it’s easy to track time and enter billable hours. Track hours in Timesheets or use the built-in time-tracking functionality. Here’s how both procedures work. Using the time-tracking featureWith the QuickBooks time-tracking feature, it’s easy to track customer hours. You’ll first need to enable the feature in your QuickBooks account and set up your preferences. Here are the steps to take:
You’ve activated the QuickBooks’ time-tracking feature. As you allow the account to track customer hours, it starts tracking time-based on your chosen preferences. Using timesheetsQuickBooks also allows you to enter billable customer hours via timesheets. Here’s how to do that.
The bottom lineTracking billable hours is easy for QuickBooks, whether you have QuickBooks Online or QuickBooks Pro on desktop. The extensive QuickBooks time-tracking features enable you to track billable hours for your customers and ensure accurate billing. What does the Enter key do in QuickBooks?Use the enter key in QuickBooks to move between fields.
Which QuickBooks function would be the most useful?Perhaps the most important thing QuickBooks can do for your small business is to simplify tax time. By far, the largest headache in preparing a tax return is compiling your income and expenses. If you use QuickBooks during the year, all you need to do at tax time is print your financial statements.
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