Chapter 8 Chapter 8 Stone Arbor Landscaping: Stone Arbor Landscaping:

Time & BillingTime & Billing

Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin

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Stone Arbor LandscapingStone Arbor LandscapingWhen you installed Sage 50 Complete When you installed Sage 50 Complete Accounting 2013, two sample companies were Accounting 2013, two sample companies were included with the software: Bellwether Garden included with the software: Bellwether Garden Supply and Stone Arbor Landscaping. In Supply and Stone Arbor Landscaping. In Chapters 1-7, you worked with Bellwether Garden Chapters 1-7, you worked with Bellwether Garden Supply. In this chapter, you focus on how the Supply. In this chapter, you focus on how the second sample company, Stone Arbor second sample company, Stone Arbor Landscaping, uses Sage 50’s time and billing Landscaping, uses Sage 50’s time and billing feature.feature.

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Time & BillingTime & BillingTime & Billing gives you a way to track expenses Time & Billing gives you a way to track expenses and time when working with customers. For and time when working with customers. For example, there are daily services that you example, there are daily services that you perform for customers like making copies, perform for customers like making copies, designing a proposal, and out-of-pocket designing a proposal, and out-of-pocket expenses. These expenses can be tracked and expenses. These expenses can be tracked and documented using SCA’s time and billing feature. documented using SCA’s time and billing feature. The purpose of SCA’s time and billing feature is The purpose of SCA’s time and billing feature is to give you the tools to record customer-related to give you the tools to record customer-related work or expenses.work or expenses.

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Sage 50 TipsSage 50 Tips

To complete Chapter 8, use the sample To complete Chapter 8, use the sample company data for Stone Arbor Landscaping. company data for Stone Arbor Landscaping. Sage 50 includes Sage 50 includes two sample companies:two sample companies: Bellwether Garden Supply (Chapters 1-7), Bellwether Garden Supply (Chapters 1-7), and Stone Arbor Landscaping (Chapter 8).and Stone Arbor Landscaping (Chapter 8).

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Sage 50 TipsSage 50 TipsIf you are using the Student Version of SCA 2013 included with the 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 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 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 and then it will expire. The company's expiration date can be found in the Company Information section of the System Navigation Center.” For the Company Information section of the System Navigation Center.” For more information about the expiration date, refer to page xvi, Expiration more information about the expiration date, refer to page xvi, Expiration Date, Student Version, SCA 2013.Date, Student Version, SCA 2013.

Backing Up Chapter 8Backing Up Chapter 8

Backup NameBackup Name

Excel (.xlsx) and Adobe (.pdf) Excel (.xlsx) and Adobe (.pdf)

KBKB Page No.Page No.

Chapter 8.ptb Chapter 8.ptb 1,865 KB1,865 KB 243243

Chapter 8_Time Ticket Register.xlsxChapter 8_Time Ticket Register.xlsx 14 KB14 KB 244-246244-246

Chapter 8_Time Ticket Register.pdfChapter 8_Time Ticket Register.pdf 62 KB62 KB 246246

Exercise 8-1.ptbExercise 8-1.ptb 1,880 KB1,880 KB 248248

Exercise 8-2_Time and Billing Reports.xlsxExercise 8-2_Time and Billing Reports.xlsx 33 KB33 KB 249249

Exercise 8-2_Job Ledger.pdfExercise 8-2_Job Ledger.pdf 89 KB89 KB 249249

Exercise 8-2_Time Ticket Register.pdfExercise 8-2_Time Ticket Register.pdf 62 KB62 KB 249249

Exercise 8-2_Payroll Time Sheet.pdfExercise 8-2_Payroll Time Sheet.pdf 60 KB60 KB 249249

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Glossary of TermsGlossary of TermsChapter 8Chapter 8

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Time tickets, p. 230Time tickets, p. 230Time tickets are used to record time-based activities such as research or 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. 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 The two methods of entering time ticket information are weekly or daily. This Time Ticket is shown on page 238.Time Ticket is shown on page 238.

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Expense tickets, p. 230Expense tickets, p. 230

Expense tickets are used to track and aid in the recovery Expense tickets are used to track and aid in the recovery of customer-related expenses. These expenses are of customer-related expenses. These expenses are notnot based on time. Expenses can be based on the various based on time. Expenses can be based on the various charges related to the service being offered. For charges related to the service being offered. For example, if you were an accountant, you might charge example, if you were an accountant, you might charge your client for copying fees or faxing fees. your client for copying fees or faxing fees.

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Time & Billing Ticket Types, p. 231Time & Billing Ticket Types, p. 231

The chart below illustrates how time and billing The chart below illustrates how time and billing works.works.

Time & Billing Ticket Types

Ticket TypeInventory Item

Class ExamplesBilling Amount

Equals

Time Ticket Activity item Research ConsultantsWriting Reports

Billing Rate TimesActivity Divisions

Expense Ticket Charge Item CopyingFaxingCourt Fees

Unit Price of the Charge Item Times Quantity

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Activity items, p. 234Activity items, p. 234

A special inventory item class for time and A special inventory item class for time and billing. Activity items are used on time billing. Activity items are used on time tickets.tickets.

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Charge items, p. 234Charge items, p. 234

Charge items are used on expense Charge items are used on expense tickets.tickets.

Online Learning CenterOnline Learning Center Go online to Go online to http://www.mhhe.com/yacht2013 for for

additional resources. Link to additional resources. Link to Student EditionStudent Edition, select , select Chapter 8.Chapter 8.

o Interactive TestingInteractive Testing Appendix A: TroubleshootingAppendix A: Troubleshootingo Glossary of TermsGlossary of Terms Appendix B: AIS Appendix B: AIS o Feature QuizzesFeature Quizzes Appendix C: Review of Appendix C: Review of

AccountingAccountingo Narrated PowerPointsNarrated PowerPointsAppendix D: GlossaryAppendix D: Glossaryo Assessment RubricsAssessment Rubricso Going to the NetGoing to the Neto QA Templates QA Templates

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Going to the NetGoing to the Net

Access this website to compare Sage 50 products.Access this website to compare Sage 50 products.

http://na.sage.com/sage-50-accounting-us/products/compare. . Answer the following.Answer the following.

1.1.List the Sage 50 products. Link to List the Sage 50 products. Link to Help me Choose..

2.2.What type of business is Option A designed for? Explain. What type of business is Option A designed for? Explain. Which software product is suggested?Which software product is suggested?

3.3.What type of business is Option B designed for? Explain. Is a What type of business is Option B designed for? Explain. Is a software product suggested? software product suggested?

Analysis QuestionAnalysis Question

What is the purpose of Sage 50’s time and What is the purpose of Sage 50’s time and billing feature? Briefly explain time and billing feature? Briefly explain time and billing.billing.

  

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Assessment RubricAssessment Rubric

TaskNavigation Center

and Menu Window

Timesheet

Sales Invoice

Payroll

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