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In the Zone: Tax Zone
November 16, 2010    
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Editor's Note
Gail Perry, CPA, Managing Editor Ask any public accountant about time and billing and you'll probably hear a story about how accountants keep track of the time they spend on projects and then bill their clients for that time based on an hourly rate. Of course there are variations on that theme. Bills can be negotiated, rates can change, time can be written off or not charged, but as a starting point, most accountants begin their billing process with some basis in how much time was devoted to the project.

In the past, companies used administrative personnel and a multi-step manual process to track time, process payroll, assign the time to projects, and bill customers. Today, many companies have turned to a software alternative to track their time, process payroll, and turn that time into customer bills. With a dedicated software program for time and billing, employees enter time once, managers approve it once, and the same information is used for payroll, project management, billing, and reporting purposes.

The articles we’ve assembled today address various aspects of time and billing software and related issues. As always, we welcome your comments and suggestions.

Best wishes,
Gail Perry, CPA
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Kaplan Weekly Quiz
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