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Time Tracking $ Amount

Last post 12-14-2010 3:45 PM by Method_Valbon. 1 replies.
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  • 12-11-2010 11:56 AM

    • Matt
    • Top 10 Contributor
    • Joined on 11-04-2008
    • Posts 877

    Time Tracking $ Amount

    I added a couple of Time Tracking records to a Budget / Contract.

    I set the Billable Status to NotBillable, but the Amount column (in the Time Tracking Tab) is still multiplying the duration x Bill Rate.

    Also, how is PS supposed to handle the Billable Status for service items that are setup as a fixed price? If I mark the Billable Status as billable, should it calculate a price based on the length of time, or should it know that it is part of a fixed price and ignore the Billable Status?


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  • 12-14-2010 3:45 PM In reply to

    Re: Time Tracking $ Amount

    Answer

    Hi Matt,

    By design it will still multiply the duration by Bill Rate to indicate the amount that would have been billable or could be billable if changed.

    A lot of the work happens when you actually invoice the Budget/Contract. When you invoice, the app takes the line items from the Budget/Contract (SalesOrder in QB) and only uses the TimeTracking to update the ChargeQty based on the type (hourly or fixed and etc).

    For fixed items, you should really be entering time as NonBillable since the price is agreed upon. However, you have the option to make them billable…knowing that the app will not include them on the invoice by default.

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