| Timeslips by Sage |
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| Written by Matt Altman CISA, CGEIT | |||
| Tuesday, 26 May 2009 16:25 | |||
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Timeslips by Sage is a local-install time and billing application developed for professional-service providers. For a first impression, Timeslips has an easy-to-understand interface with a customizable layout, and widget-filled dashboard that can be set uniquely by each user. Only four things are needed to make a new time slip - the person, client, task, and amount of time. The Billing Assistant takes the hardship out of billing with its workflow. Firms requiring time write-down may not find Timeslips methods compatible with their current process, but for those with fixed-fee or flat-fee billing, this may not be an issue. Client arrangements for billing and payment application can be set. Payments can apply first to interest, costs, or fees. Escrow and deposit accounts can be managed, which include notification and request generation for replenishment when accounts drop below specified threshold values. Firm management can be augmented through cost and productivity tracking. Employees can have a set expectations for minimum hours worked, with daily or weekly reporting. Additionally, the hourly overhead cost of each employee can be captured for management review. There are more than 150 predefined reports, and reports and invoices are editable by field at generation, or through the report template designer. Firms with technical expertise can also write scripts for the application to define workflow or reporting. Two-way integration is available for Peachtree and Quickbooks. Depending on the user setup and the general ledger, it is possible to transfer invoices and other accounts receivable data. Checks entered into either system can be brought into Timeslips; automatic matching of the customer and clients occurs during the transfer. Additionally, Outlook integration allows users to create and send email, with time entries generated for each message. One-way integration is supported for attorney applications, practice management applications, and other accounting packages. Advantages:
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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. |