| Caseware Time |
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| Written by Matt Altman CISA, CGEIT | |||
| Tuesday, 26 May 2009 15:41 | |||
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Caseware Time is the central component of Caseware's practice management product, Time & Today. The application's design is intuitive, with workflows fully documented and shown as navigational aids. This makes it easy for new users to become familiar with the application. Terminology is customizable, as are taxes, allowing for an international client base. Recent updates to their product include the ability to have unlimited work codes for users, track history for rate changes by employee, and a SQL back-end to better handle growing datasets. The SQL backend has removed the need to create a new file at each year-end. Caseware Time is easy to use, and built for offices moving toward paperless. Drill down reporting through a dashboard, a document manager (with template management for new documents), and report writing are all built into the application. With this functionality, it's possible to create and manage custom newsletters and periodic announcements for clients and maintain the distribution lists all in one location. Best of all, reports and documents can be exported to Excel, Word, PDF, or to a Web page. Reports can be produced as a batch, and sent by email to a client or distribution list. Timekeeping is built around simple time tracking, with integrated timers for Caseware audit software, and user-set timers for other tasks. The new Web Sheets module allows for mobile time entry. Based on the firm's preference, time review and approval can be enforced. Billing features include budget tracking, billing-on-the-fly, and in-line editing of invoices. As would be expected for accounting firms, billing from WIP is available, as is carry-forward billing and final billing for write-up/write-down. Discounts and refunds can be tracked, and projects can be managed. As might be important for large projects, extensive contact records are possible and client subsidiaries can be grouped, tracked, and reported. By-office break-outs for firms with multiple offices can be specified, and managers for those offices can have their performance tracked separately. Advantages: Final Verdict: | |||
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About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |