If your company sells services, you can track the time spent providing them in QuickBooks.
When you sell a product to a customer, you know it. It goes away, and your inventory count in QuickBooks is reduced by one. This tracking helps you know what’s selling and what’s not, and it signals when a reorder is due.
If your business provides services to customers, though, you’re selling your employees’ time and skills. There’s no inventory count; you can sell as many hours as you have workers to fill them. Tracking time accurately and comprehensively, though, is as important as knowing how many hard drives or tote bags you’ve sold.
QuickBooks contains tools to help you record the hours employees spend doing work [Read more…] about Tracking Time in QuickBooks, Part 1