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The Time Billing option in MYOB is for companies that charge for their time and include sectors such as accounting, consulting, legal and service systems orientated companies to name a few.
In this example we are going to use a consulting firm specializing in accounting that our business. We have three consultants who perform different activities and are charged out at different rates. The Command Centre click on the Time Billing the Activities List. At the bottom of the window click on New. Enter Activity ID that could be shortening Activity Name, eg gde be General data entry. End Activity ID, name and description. Select income and GST code you want to use. The default Type is longer than you have the option to choose Non-hours activities that you may have a set fee per month. If you choose this option, you will be asked to enter the unit and labor. Unit could be monthly, for example.
Finishing Status option, and use Type-hour option specify what speed you want to use. The Employee Rate would have been installed on employees map would Client Rate have been set up on the customers card. If you choose employment you will be asked to enter employment.
After you have finished your work list on the Time Billing Command Centre click on Enter Activity Slip. Enter the employee you are charging out, date, customer, functionality and modules which in this case would be hours. You also have the option to enter a note regarding the project can be used on the account if you choose not to use the project description. Record projects.
Once you have completed your work and are ready to account, in the Time Billing Command Centre click on Prepare Time Billing account. List of clients ready for collection will appear. Select the customer you want to invoice and click OK.
processing window will appear prompting you to choose what you want to account. When choosing what you’re going to bill, you can then choose to use the active ingredient Notes Task Name / Description Invoice if this is your choice.
Click Prepare account. Check the date and other details and if everything is OK click Record. Complete the process for all customers who want to account.
To print the bills go to sales management organization and click on the Print / Email accounts. List of accounts appears ready for printing. Check the ones you want to print, how many copies and Sales Layout you want to use and click Print.
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