First Day of Work Week is set on Monday since most businesses starts their working day on Monday. You can use other working day as your First day of the Work Week.
Create invoices from a list of time and expenses. When this feature is on, you are able to see a list of unbilled time and expenses when you create invoices for your customers.
Track reimbursed expenses as income. If you want to post reimbursed expenses as income, instead of as expense, turn on this box.
Default Markup Percentage. This is a markup for an item you buy for doing your services to your customers. For example, you buy $1,000,- of roofing materials for renovation job and you want to be reimbursed $1,100,-. You then should put in a 10% markup in this box.
Default Markup Account. This is where to post the markup percentage in your income account.
Entering Time
There are 2 ways to enter time in QuickBooks: using Enter Single Activity or weekly Timesheet. As the name implies, the only difference is you can put many single activity timesheet in weekly timesheet.
You can track time for Employee, Vendor, or Other Name as long as they appear in their respective lists. We are going to enter time for vendor in the next
Entering Time for Single Activity
Go to Customer > Enter Time > Enter Single Activity to arrive at the following screen:
Date. The date of the activity you track.
Name. This drop down menu will give you options of employees, vendors, or other names. Rick’s Plumbing, a vendor, is selected in this example.
Customer:Job. Another drop down menu where you select the customer or job, whether or not you bill the time.
Service Item. Select the service item you use to perform the work to your customer.
Duration. Enter the time duration in hours and minutes in 0:00 format or you can click start & stop when you are starting & finishing your work.
Billable. Check this box if the time is billable to your customer.
Notes. Enter any comments or information for this activity.
Class. If you use class, select appropriate Class field.
Finally, click Save & Close to save your transaction.
Entering Time in Weekly Timesheet
Go to Customer > Enter Time > Use Weekly Timesheet, then enter appropriate selections in the Name, Week Of, Customer:Job, Service Item, Notes, similar to entering time for single activity discussed above.