Time Billing Product

A Billing Product is what defines billable information and allows you to input rates against a specific Work Type. Since the Billing Products directly correlate to Work Types, they can be consistently named with those work types. Sample Billing Products include:

  • Data Conversion
  • Testing
  • Training
  • Documentation
  • Development

Adding a Time Billing Product

To add a Time Billing Product, complete the following steps

  1. Hover over the Time Billing Product group item to expand the Time Billing Product fly-out menu.
  2. Click the Add Product link to open the Add - Time Billing Product page.
  3. Complete the following fields on the Add - Time Billing Product page.
    Field Name Required? Description
    product code Optional Enter the code for this product in the product code field. This code will be visible on list pages.
    product name Required Enter the name for this product in the product name field. The name is visible on list pages.
    default rate Optional Enter the default billing rate for this product in the default rate field.
    description Optional Enter a short description of the Time Billing Product in the description field.
    business unit Required Expand the business unit and select the business unit associated with this Time Billing Product.
    project Optional Expand the project drop-down menu and select the accounting project code for this Time Billing Product.
    a/r account Required Expand the a/r account drop-down menu and select the accounts receivable account for this Time Billing Product. The values in this drop-down menu are determined by the business unit selected.
    revenue account Required Expand the revenue account drop-down menu and select the revenue account for this Time Billing Product. The values in this drop-down menu are determined by the business unit selected.
    liability account Required Expand the liability account drop-down menu and select the liability account for this Time Billing Product. The values in this drop-down menu are determined by the business unit selected.
    return account Required Expand the return account drop-down menu and select the return account for this Time Billing Product. The values in this drop-down menu are determined by the business unit selected.
    write off account Required Expand the write off account drop-down menu and select the write off account for this Time Billing Product. The values in this drop-down menu are determined by the business unit selected.

    Note: The business unit, project, and all appropriate G/L accounts should be determined by management and/or the accounting department. The business unit and G/L accounts can be setup to specific default values. The project in the G/L Accounts Information section is an accounting code reference, not necessarily related to your time entry project. The information from the Add — Time Billing Product page will display as entered on the appropriate invoice. This functionality works in conjunction with the Accounting module in netFORUM.

  4. Click the Save button.

    You will be taken to the Billing Product Profile for the Time Billing Product you just created.

Finding a Time Billing Product

Use the standard Find and List options available under each group item in the Time module to find the object you are searching for.

Time Billing Product Profile

The Time Billing Product Profile lists the details about a Time Billing Product.

The top portion provides the basic information about the Time Billing Product.

Clicking the Edit button will open the Edit - Billing Product pop-up window where you can edit the product code, product name, default rate, and description for the Time Billing Product.

The G/L Accounts Child Form

The g/l accounts information child form displays the G/L Account that has been set for this Time Billing Product.