MYOB Manual - Time Billing

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Step by step “To change a single activity slip” on page 452 “To change multiple activity slips” on page 452 Deleting activity slips activity slips:deleting MYOB Premier allows you to delete an activity slip from your records. However, if you’ve already billed for an activity slip, partially or in full, you can’t delete it. You won’t be able to delete the activity slip until you’ve purged the time billing invoice on which it was billed. Step by step “To delete an activity slip” on page 454 Entering activities and items for time billing sales entering:activities and items for time billing sales;time billing:entering activities and items on sales;work in progress;activities:entering:activities and items You can enter time billing activities and items from your items list (for which you’ve marked I Sell) on time billing sales. (To choose a time billing sale layout, click the Layout button in the Sales window.) Note: “Items can be entered on time billing invoices” on page 461 Working in the Time Billing Command Centre, you’ll create activities and enter activity slips to track tasks or services provided by your company for which you can track costs and bill customers on time billing invoices. When it’s time to enter a sale, you can automatically enter the activity slips on a time billing invoice; you can enter activities automatically using the Work in Progress view of the Prepare Time Billing window. Warning: “Manually entered time billing activities are not included in many reports” on page 462 Prepare Time Billing Invoice window Using the Prepare Time Billing Invoice window, you can bill for activity slips partially or in full. You can also enter adjustments to the billing amounts on the activity slips before you include them on the sale. Warning: “Make changes to activity slip information in the Prepare Invoice window before opening the Sales window” on page 461 You can find the Prepare Time Billing Invoice window in two ways -- using the Work in Progress (WIP) feature in the Time Billing layout of the Sales window or the Prepare Time Billing Invoice feature in the Time Billing Command Centre. 442 www.myob.com.au
Chapter 5 Activity Slips Overview Step by step “To bill for time” on page 457 Related topics “To enter activities and items on a time billing sale” on page 337 (using the Sales window) Tracking work in progress on your balance sheet time billing:work in progress;work in progress:tracking;WIP: See work in progress Work you’ve done for your clients but haven’t billed yet is called “work in progress". In MYOB Premier, work in progress is represented by activity slips for chargeable activities you haven’t yet included on time billing invoices. Any activity slip that doesn’t have $0.00 or 0 units left to bill is considered work in progress. When you bill your clients on time billing invoices, your accounting records will reflect the sales transactions for the activities you’ve performed. However from an accounting perspective, even if you haven’t billed your clients yet, your clients owe you money as soon as an activity slip is recorded. Activity slips are Premier’s records of work in progress, but they don’t reflect the value of your work in progress automatically. Accounting entries are assigned to your linked accounts automatically when activity slips are billed on a time billing invoice. If your work in progress routinely represents a significant amount of money, you should consider adjusting your accounting records to reflect it. Step by step “To adjust your books for work in progress” on page 455 Billing for time time billing:entering sales;billing:for time;sales:entering:time billing invoices When you’re ready to bill your customer for time, you can easily and automatically enter the sale of activities and items. The activities are those for which you’ve entered information in the Activity Information window. The items are those in your Items List that you’ve marked “I Sell". Note: “Items can be entered on time billing invoices” on page 461 You can enter time billing sales by using either: • The Prepare Time Billing Invoice feature of the Time Billing Command Centre -- OR -- MYOB Help 443
Page 1 and 2: Time Billing Table of Contents Chap
Page 3 and 4: Chapter 1 Time Billing Activities O
Page 9 and 10: Chapter 2 Adding new activities 12.
Page 11 and 12: Chapter 2 Adding new activities 2.
Page 13 and 14: Chapter 3 Changing activities Chapt
Page 15 and 16: Chapter 5 Activity Slips Overview C
Page 17 and 18: Chapter 5 Activity Slips Overview I
Page 19: Chapter 5 Activity Slips Overview A
Page 23 and 24: Chapter 6 Adding activity slips --
Page 25 and 26: Chapter 6 Adding activity slips --
Page 27 and 28: Chapter 7 Adding multiple activity
Page 29 and 30: Chapter 8 Reviewing activity slips
Page 31 and 32: Chapter 9 Changing activity slips 3
Page 33 and 34: Chapter 11 Tracking work in progres
Page 35 and 36: Chapter 12 Billing for time Chapter
Page 37 and 38: Chapter 12 Billing for time • Com
Page 39 and 40: Chapter 13 Activity slips notes and

MYOB Manual - Time Billing

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